OctaFX | OctaFX Forex Broker
Open trading account

USD/JPY upside bias above 116.87 medium term – Commerzbank

FXStreet (Edinburgh) - Karen Jones, Head of FICC Technical Analysis at Commerzbank, suggested the pair’s outlook remains positive above the 116.87 level.

Key Quotes

USD/JPY with TD perfected set up on the 240 minute chart and a 13 count on the 60 minute chart we are likely to see some weakness ahead of further gains”.
“Overhead resistance can be seen at the 200 day moving average at 120.95 and above here the market will find tough resistance at 121.76/79, the late August high and the 61.8% retracement”.

“2012-2015 uptrend at 116.87 holding, maintain a positive bias above here”.

EUR/NOK sticking to tight trading ranges

EUR/NOK sticking to tight trading ranges
Read more Previous

China: September new home price data preview - ING

Prakash Sakpal, Economist at ING, suggests that the 70-cities new home price indexes for September are due tomorrow at 9:30am local time and the trend has been rising number of cities reporting increasing sequential new home prices (first figure), which we think persisted.
Read more Next
Start livechat