USD/JPY correctional high is close - eFXnews

By FXstreet.com | Updated July 30, 2014 AAA

FXStreet (Łódź) - The eFXnews team comment on SEB's forecast, according to which a correctional high in USD/JPY is drawing near.



Key quotes



"The move up from last week's low looks correctional and it ought to peak in the 10.50/60-zone."



"A drop back below 101.19 would confirm a correctional high in place and argue for extension below 10.09/06 - then with the yearly low at 100.75 back in sight."



"Current intraday stretches are located at 101.05 & 10.75."



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



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    Credit Suisse: Expect USD/JPY to target 119.90 levels - eFXnews

  2. Forex News

    USD/JPY hits fresh daily high

  3. Forex News

    USD/JPY Technical Analysis: Trying to Expose 120.00 Level

  4. Forex News

    USD/JPY at last week’s highs looking better bid

  5. Investing

    USD/JPY Formed Slight Hammer

Trading Center