EUR/JPY upside could struggle near 128.65 – Commerzbank

Karen Jones, Head of FICC Technical Analysis at Commerzbank, sees the upside in the pair could struggle around 128.65.

Key Quotes

“EUR/JPY have sold off to the 126.17 recent low. This has been a spike lower and we look for this to hold the initial test”.

“The intraday Elliott wave count is suggesting that the market will struggle on moves to 128.65”.

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