fxstreet.com 23 Feb, 2021 08:45 am

Near-term uptrend at 104.85 to hold the downside – Commerzbank

Near-term uptrend at 104.85 to hold the downside – Commerzbank
The USD/JPY pair has sold off to the base of the channel at 104.85. This level and the January high of 104.40 are set to hold the downside, Karen Jone

The USD/JPY pair has sold off to the base of the channel at 104.45 on Tuesday, and the market has slid back to the base of the channel at 104.40 are set to hold the downside, Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, reports.40 and these two supports should ideally hold the downside.

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