OctaFX | OctaFX Forex Broker
Open trading account
Back

USD/JPY: chances of a visit to 123.33 – Commerzbank

FXStreet (Edinburgh) - Axel Rudolph, Senior Technical Analyst at Commerzbank, sees the possibility of the pair to reach 123.33 once 121.60/122.04 is cleared.

Key Quotes

USD/JPY continues to push hard into tough resistance at 121.60/122.04 offered by the October high, late August 2015 high, December 2014 high, March 2015 high and the 61.8% retracement”.

“This remains the key break up point to 123.33, the 78.6% retracement and 125.00/28 (the August high). It is solid resistance and it is likely to take several attempts to get through”.

Gold off highs around $ 1108, awaits NFP

The recovery seen in the yellow metal lost steam ahead of hourly 50-SMA and the prices retreated subsequently, now reverting to the levels seen in the Asian session as we progress towards the US opening bells.
Read more Previous

UK prints mixed industrial production numbers – TDS

James Rossiter, Senior Global Strategist at TD Securities, notes that the UK industrial production came in somewhat mixed, with a slightly weaker number on headline (-0.2% m/m) and a slightly stronger showing on the more important manufacturing component (+0.8% m/m).
Read more Next
Start livechat