FXStreet (Barcelona) – The Technical Strategy Team at SEB, believe that a USD/JPY move below 123.75 might lead to further losses, as noted by eFXnews.
Key Quotes
“The short-term fast moving dynamic support in the form of an 8day “Tenkan-Sen” is under pressure following a bearish print added yesterday. If also losing the 123.75 ref – look for extension to key short-term support at 122.37/04. Current intraday stretches are located at 124.15 & 125.40.”
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