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SEB: USD/JPY bullish above 121.67- eFXnews

FXStreet (Barcelona) - The eFXnews Team notes SEB shares the intraday technical outlook for USD/JPY, with the current intraday stretch being 120.60 – 122.10.

Key Quotes

“The marginally fresh (<120.85) low became brief with buyers immediately responding at the (Fibo-adjusted) 'Tenkan-Sen' and nearness to the Feb 120.48 reaction high.”

“Over 121.67 would become renewed bullish for a fresh high over 122.04.”

“Bears on the other hand would be happier with a break back under 121.25.”

“Current intraday stretches are located at 120.60 & 122.10.”

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