9 Jun 2015
SEB: USD/JPY challenging support – eFXnews
FXStreet (Barcelona) - The Technical Strategy Team at SEB, believe that a USD/JPY move below 123.75 might lead to further losses, as noted by eFXnews.
Key Quotes
“The short-term fast moving dynamic support in the form of an 8day "Tenkan-Sen" is under pressure following a bearish print added yesterday. If also losing the 123.75 ref - look for extension to key short-term support at 122.37/04. Current intraday stretches are located at 124.15 & 125.40.”
This content has been provided under specific arrangement with eFXnews.
Key Quotes
“The short-term fast moving dynamic support in the form of an 8day "Tenkan-Sen" is under pressure following a bearish print added yesterday. If also losing the 123.75 ref - look for extension to key short-term support at 122.37/04. Current intraday stretches are located at 124.15 & 125.40.”
This content has been provided under specific arrangement with eFXnews.