SEB: USD/JPY 104.13 resistance to be scrutinized - eFXnews

By FXstreet.com | Updated August 21, 2014 AAA

FXStreet (Łódź) - The eFXnews team remark that the SEB sees the need to modify its USD/JPY longer term wave pattern should the pair break 104.13.



Key quotes

"An alternate path would be that we are creating yet another large triangle (hence a major top still lurking)."



"As such the market should turn down from 104.45, slide back to 103-ish and thereafter printing a new trend high above 105.45."



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