Home USD/JPY: The outlook has altered – Commerzbank

USD/JPY: The outlook has altered – Commerzbank

Published date: 11 May. 2020 | 09:22

RSI has diverged and the USD/JPY downtrend has been eroded, according to Commerzbank’s Karen Jones.

Key quotes

“The daily RSI has not confirmed last weeks low and the near-term downtrend has been eroded. This suggests near term recovery back to 108.00, 108.26 the 200-day ma.”

“Only above here will target 109.38 April high This guards the 111.71/112.23 February and March highs.”

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