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."



'This content has been provided under specific arrangement with eFXnews.'



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    USD/JPY: 122 guards the downside to 121.20 - FXStreet

  2. Forex News

    What are the Traits of Successful Traders?

  3. Forex News

    USD/JPY losses strength near 123.00

  4. Forex News

    USDJPY Favors Upside If Risk-On Holds

  5. Forex News

    Opportunities Abound in EUR- and USD-pairs after Greek Referendum

Trading Center
×

You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!