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24 Apr 2015
SEB: USD/JPY sees an increasing downside risk – eFXnews
FXStreet (Barcelona) - According to SEB, USD/JPY risks extending its downside correction towards 118.33, as noted by eFXnews.
Key Quotes
“With yesterday’s bearish engulfing candle it now appears as we’ve got a lower high. The downside pressure should hence be increasing calling next for an attempt to move below the 119.35 support. Ultimately the pair should be falling down below 118.33 (and preferably to 117.15) before the correction possible completed.”
This content has been provided under specific arrangement with eFXnews.
Key Quotes
“With yesterday’s bearish engulfing candle it now appears as we’ve got a lower high. The downside pressure should hence be increasing calling next for an attempt to move below the 119.35 support. Ultimately the pair should be falling down below 118.33 (and preferably to 117.15) before the correction possible completed.”
This content has been provided under specific arrangement with eFXnews.