USD/JPY correctional high is close - eFXnews

By | 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."

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