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21 Aug 2014
SEB: USD/JPY 104.13 resistance to be scrutinized - eFXnews
FXStreet (Łódź) - The eFXnews team remark that the SEB sees the need to modify its USD/JPY longer term wave pattern should the pair break 104.13.
Key quotes
"An alternate path would be that we are creating yet another large triangle (hence a major top still lurking)."
"As such the market should turn down from 104.45, slide back to 103-ish and thereafter printing a new trend high above 105.45."
'This content has been provided under specific arrangement with eFXnews.'
Key quotes
"An alternate path would be that we are creating yet another large triangle (hence a major top still lurking)."
"As such the market should turn down from 104.45, slide back to 103-ish and thereafter printing a new trend high above 105.45."
'This content has been provided under specific arrangement with eFXnews.'