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4 Oct 2013
Flash: The USD/JPY looking for slide to 200 day ma - Commerzbank
FXstreet.com (Athens) – Karen Jones, Head Technical Analyst at Commerzbank suggests that the USD/JPY hasn’t changed.
Key Quotes
“The market remains under pressure and is on course for the 200 day ma at 96.63, the August low at 95.80 and the 95.58 5 month support line. This is expected to hold the downside and provoke reversal.”
“The short term resistance line offers initial resistance at 98.32 ahead of
the 100.62 September high then 101.54/60 July high and the Fibonacci retracement.”
Key Quotes
“The market remains under pressure and is on course for the 200 day ma at 96.63, the August low at 95.80 and the 95.58 5 month support line. This is expected to hold the downside and provoke reversal.”
“The short term resistance line offers initial resistance at 98.32 ahead of
the 100.62 September high then 101.54/60 July high and the Fibonacci retracement.”