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 hits fresh 12-yr highs at 124.39, back at 124.20

  2. Forex News

    ‘We don't think there is any asset bubble or stock market bubble’ – BOJ Governor ...

  3. Forex News

    USD/JPY attempts a bounce to 124.30

  4. Forex News

    USD/JPY could extend the upside to 126.00 in the medium term – Rabobank Jane Foley, ...

  5. Forex News

    USD/JPY seen at 127.00 in 12-month – Danske Bank

Trading Center