16 Feb 2016
EUR/JPY: upside could struggle around 128.65/129.35 – Commerzbank
In view of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the upside momentum in the cross could find resistance in the 128.65/129.35 band.
Key Quotes
“EUR/JPY is bouncing higher away from the 126.17 recent low”.
“This has held on a closing basis so far and the market is correcting higher”.
“The intraday Elliott wave count is suggesting that the market will struggle on moves to 128.65/129.35”.
Key Quotes
“EUR/JPY is bouncing higher away from the 126.17 recent low”.
“This has held on a closing basis so far and the market is correcting higher”.
“The intraday Elliott wave count is suggesting that the market will struggle on moves to 128.65/129.35”.