USD/JPY remains sidelined – Commerzbank

By FXstreet.com | July 10, 2014 AAA

FXStreet (Edinburgh) - The USD/JPY would keep the sideline pattern so far, suggested Karen Jones, Head of FICC Technical Analysis at Commerzbank.



Key Quotes



USD/JPY is sidelined in its range – we have a support line at 101.36 and directly below here lies the 101.07/100.75 55 week ma and this years low”.



“The market is now directly offered below last weeks high at 102.27, although key resistance remains the 2014 downtrend at102.65”.



“Longer term we suspect that the risk is growing for a downside break”.



comments powered by Disqus
Related Forex Analysis
  1. GBP/USD upside remains corrective – Commerzbank
    Forex News

    GBP/USD upside remains corrective – Commerzbank

  2. USD/CHF shows recovery attempts, as it bottomed at 0.9340
    Forex News

    USD/CHF shows recovery attempts, as it bottomed at 0.9340

  3. USD/JPY Daily Outlook - September 19
    Investing

    USD/JPY Daily Outlook - September 19

  4. SEB:  More EUR/USD buying seen above 1.2943 - eFXnews
    Forex News

    SEB: More EUR/USD buying seen above 1.2943 - eFXnews

  5. USD/CAD at Risk for Larger Downside Correction on Sticky Canada CPI
    Forex News

    USD/CAD at Risk for Larger Downside Correction on Sticky Canada CPI

Trading Center