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SEB: USD/JPY targeting 103.34 next - eFXnews

FXStreet (Łódź) - The eFXnews team remark out that the SEB expects USD/JPY to target the 103.34 level next.

Key quotes

"An earlier potentially bearish candle was overrun by yesterday's high and bullish looking session close and continuation higher this morning."

"This puts a short-term topside 'Equality point' at 103.34 in focus and if not stopping there, the bar has to be lifted to the next set of refs (medium- & long-term) at 103.60/68."

"Premier support is located at 102.72 followed by dynamic supports, now at 102.63 & 102.27. Back under 102.13 would be renewed bearish."

"Intraday stretches are located at 102.40 & 103.45."

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