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11 Mar 2015
SEB: USD/JPY: Bearish doji contesting the short-term bullish trend - eFXnews
FXStreet (Barcelona) - The eFXnews Team notes SEB shares the intraday technical outlook for USD/JPY, with SEB viewing that a move below 120.85/48 would bring sellers back in control.
Key Quotes
“Price action left more for bulls to wish for. There was (still is) known good resistance in the 122/124-zone, but its strength was a bit surprising.”
“The potentially bearish candle added in the wake of yesterday's upside rejection, contests short-term bullish trend-following tools.”
“A move below supports at 120.85/48 would show sellers' near-term initiative and threat lower dynamic supports at 120.10 & 119.37.”
“Current intraday stretches are located at 120.50 & 122.05.”
This content has been provided under specific arrangement with eFXnews.
Key Quotes
“Price action left more for bulls to wish for. There was (still is) known good resistance in the 122/124-zone, but its strength was a bit surprising.”
“The potentially bearish candle added in the wake of yesterday's upside rejection, contests short-term bullish trend-following tools.”
“A move below supports at 120.85/48 would show sellers' near-term initiative and threat lower dynamic supports at 120.10 & 119.37.”
“Current intraday stretches are located at 120.50 & 122.05.”
This content has been provided under specific arrangement with eFXnews.