FXStreet (Łódź) - The eFXnews team remark out that the SEB expects USD/JPY to target the 103.34 level next.

Key quotes



"An earlier potentially bearish candle was overrun by yesterday's high and bullish looking session close and continuation higher this morning."



"This puts a short-term topside 'Equality point' at 103.34 in focus and if not stopping there, the bar has to be lifted to the next set of refs (medium- & long-term) at 103.60/68."



"Premier support is located at 102.72 followed by dynamic supports, now at 102.63 & 102.27. Back under 102.13 would be renewed bearish."



"Intraday stretches are located at 102.40 & 103.45."



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



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    Heavy Event Risk in Jobs Data, Rate Decision Will Confront Summer Trading

  2. Forex News

    US Dollar as ‘Data Dependent’ as the Fed as NFPs Approach

  3. Forex News

    Japanese Yen: Up or Down? Next Week Holds the Keys

  4. Forex News

    USD/JPY rebounds back toward 124.00, unchanged for the week

  5. Forex News

    USD/JPY drops to 123.50 on weaker dollar

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!