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3 Mar 2015
SEB: USD/JPY sellers above 120 – eFXnews
FXStreet (Barcelona) - The eFXnews Team shares SEB’s intraday technical outlook for USD/JPY, with the pair expected to see sellers above 120.
Key Quotes
“The bold move over a prior 119.84 high risks being negated today. So far the daily print looks bearish, but there is plenty of time for closing the bell to ring. But should local support at 119.54/50 not attract meaningful buying, the risk increases for a bearish print to be added today and this would once more expose the key short-term 118.62/11 support zone.”
“Key resistance above is located at 120.48/82 and the current intraday stretches are located at 119.30 & 120.50.”
This content has been provided under specific arrangement with eFXnews.
Key Quotes
“The bold move over a prior 119.84 high risks being negated today. So far the daily print looks bearish, but there is plenty of time for closing the bell to ring. But should local support at 119.54/50 not attract meaningful buying, the risk increases for a bearish print to be added today and this would once more expose the key short-term 118.62/11 support zone.”
“Key resistance above is located at 120.48/82 and the current intraday stretches are located at 119.30 & 120.50.”
This content has been provided under specific arrangement with eFXnews.