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”.



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    USD/JPY: Back in bullish territory - CB

  2. Forex News

    Majors consolidate ahead of key events, RBA first

  3. Forex News

    Bullish USD/JPY Retail Sentiment Narrows Despite Risk for Breakout

  4. Forex News

    USD/JPY could consolidate near term – TD Securities

  5. Forex News

    USD/JPY capped at 120.60 – OCBC

Trading Center