Wednesday, 12 September 2012

USD/JPY June Low of 77.65 Exposed -Commerzbank


USD/JPY Jun low of 77.65 exposed says Commerzbank technical analyst Karen Jones, and this is the last defense ahead of the 76.03, 2012 low. Now at 77.86, Jones says while below the current September high of 79.04 the immediate bias will be on the downside, and she would sell any rally to 78.60, with a stop above 79.04.

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