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30 Dec 2014
SEB: USD/JPY sees a minor double top? - eFXnews
FXStreet (Barcelona) - The eFXnews Team notes SEB feels the USD/JPY minor double top is confirmed on the current break below 120.01 levels, anticipating a drop to 116.68 levels.
Key Quotes
“The pair continues to be capped by the 78.6% Fibo resistance and after today’s rejection we are possible developing a minor double top. Such an event would suit our triangle scenario very well calling for a drop to ideally 116.68. A minor double top is confirmed on current breaking below 120.01.”
This content has been provided under specific arrangement with eFXnews.
Key Quotes
“The pair continues to be capped by the 78.6% Fibo resistance and after today’s rejection we are possible developing a minor double top. Such an event would suit our triangle scenario very well calling for a drop to ideally 116.68. A minor double top is confirmed on current breaking below 120.01.”
This content has been provided under specific arrangement with eFXnews.