Technical Analysis - USD/JPY fails to hold 115

Monday, 13/03/2017 | 10:33 GMT

Disclaimer

Look for a break below 114.15, the 23.6% retracement of the late 2016 move higher. If this is sustained, paves the way for further weakness on the pair down to 113.50 then 112.75.

EUR/JPY threatening breakout on upside of up channel that has been formed over the last three weeks. Look for move up to recent highs around 123.80.

This article comprises the personal view and opinion of the STO Investment Research Desk and at no time should be construed as Investment Advice.

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Source: https://www.stofs.com/en/newsroom/entry/TECHNICAL/usdjpy-fails-to-hold-115

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