25 Nov 2015
USD/JPY: key supports medium term - Commerzbank
FXStreet (Guatemala) - Karen Jones, chief analyst at Commerzbank offered a longer term analysis for USD/JPY.
Key Quotes:
"The 3 month support line lies at 119.52. Key support remains 118.61 the 2012-2015 uptrend, while above here we are bullish."
"Resistance lies at 123.26 ahead of the recent high at 123.77. Beyond some consolidation, the market is well placed to resume its up move and targets 125.00/28 (the August high)."
Key Quotes:
"The 3 month support line lies at 119.52. Key support remains 118.61 the 2012-2015 uptrend, while above here we are bullish."
"Resistance lies at 123.26 ahead of the recent high at 123.77. Beyond some consolidation, the market is well placed to resume its up move and targets 125.00/28 (the August high)."