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SEB: USD/JPY below 113.15 would target 112.60 - eFXnews

FXStreet (Łódź) - The eFXnews team observe that SEB expects USD/JPY aiming at 112.60 when below 113.15, in a well needed correction lower.

Key quotes

"Extension below a near-term 161.8% Fibo projection refs at 113.15 would target a collection of near-term refs around the 112.60-level."

"Additional refs at 11.95/70 are put on the backburner for now, but would be back on the fore should 112.60 be bearishly broken."

"Topside refs at 113.71 & 114.07 should be kept in mind, should a short-term bearish case be proven wrong."

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