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8 Dec 2015
EUR/JPY could test 136.15 – Commerzbank
FXStreet (Edinburgh) - According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, the door could be open for a test of the 136.15 level.
Key Quotes
“EUR/JPY has eased back from the 4 month resistance line at 134.58 and very near term we would allow for some slippage to 132.70/20, this should ideally hold for another attempt on the topside. There is scope for the top of the channel at 136.15”.
“Intraday dips are indicated to terminate circa 133.35/132.70. Below here, dips lower should find some support circa the 131.61 55 day ma. Below here will see the 129.67/28 zone retargeted (recent low and Fibo)”.
Key Quotes
“EUR/JPY has eased back from the 4 month resistance line at 134.58 and very near term we would allow for some slippage to 132.70/20, this should ideally hold for another attempt on the topside. There is scope for the top of the channel at 136.15”.
“Intraday dips are indicated to terminate circa 133.35/132.70. Below here, dips lower should find some support circa the 131.61 55 day ma. Below here will see the 129.67/28 zone retargeted (recent low and Fibo)”.