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26 Feb 2015
EUR/JPY: Technically negative - CB
FXStreet (Guatemala) - Karen Jones, chief analyst at Commerzbank explained that the EUR/JPY outlook remains negative.
Key Quotes:
"We look for a break below 130.00 to the 200 month ma and Fibonacci retracement at 128.27/52 (38.2% retracement of the move up from 2012)."
"This is the break down point to 124.94/June 2013 low en route to the 122.14/121.95 200 week ma and 50% retracement of the same move."
Key Quotes:
"We look for a break below 130.00 to the 200 month ma and Fibonacci retracement at 128.27/52 (38.2% retracement of the move up from 2012)."
"This is the break down point to 124.94/June 2013 low en route to the 122.14/121.95 200 week ma and 50% retracement of the same move."