Back
22 Mar 2016
USD/JPY rebound capped around 114.16 – Commerzbank
Karen Jones, Head of FICC Technical Analysis at Commerzbank, believes the pair’s rebound could find resistance around 114.16.
Key Quotes
“USD/JPY’s daily RSI has not confirmed the new low at 110.67”.
“This suggests a loss of downside momentum and we are seeing a near term rebound, but is likely to meet initial resistance at 112.99 offered by the 20 day ma and remain capped by the short term resistance line at 114.16”.
Key Quotes
“USD/JPY’s daily RSI has not confirmed the new low at 110.67”.
“This suggests a loss of downside momentum and we are seeing a near term rebound, but is likely to meet initial resistance at 112.99 offered by the 20 day ma and remain capped by the short term resistance line at 114.16”.