3 Dec 2013
Flash: EUR/JPY bid above 137.15 – Commerzbank
FXstreet.com (Edinburgh) - Karen Jones, Head of FICC Technical Analysis at Commerzbank, observed that the bid tone would prevail in the EUR/JPY as long as it trades above 137.15 – accelerated uptrend.
Key Quotes
“The market remains well placed to continue to probe the 140.30/141.00 resistance zone”.
“We are alert to the idea of the market failing between current price and the 141.00 zone”.
“We note the 13 count on the daily chart and the TD resistance at 140.30
and we would allow for slide back to the accelerated uptrend at 137.15”.
Key Quotes
“The market remains well placed to continue to probe the 140.30/141.00 resistance zone”.
“We are alert to the idea of the market failing between current price and the 141.00 zone”.
“We note the 13 count on the daily chart and the TD resistance at 140.30
and we would allow for slide back to the accelerated uptrend at 137.15”.