JPY Crosses Begin To Look Interesting: Levels & Targets - Citi Following on its yesterday’s note on USD/JPY (see here) and looking through a number of JPY crosses, CitiFX Technicals finds that there are a lot of levels that have held suggesting broader JPY weakness may be seen in the near term. In AUD/JPY, Citi notes that it held the converged 200 day moving average and 76.4% retracement of the rally from May which came in at 83.86-88. Friday saw a doji/hammer like pattern warning of a bounce. It is difficult to see clear short term levels before 95.9, Citi projects. In NZD/JPY, Citi argues that while it closed below the 200 day moving average, it has not breached the ...
Posted on: Wed, 13 Aug 2014 07:14:50 +0000