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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
USDJPY TECHS
- RES 4: 113.89 1.236 proj of Apr 23 - Jul 2 - Aug 4 price swing
- RES 3: 113.68 2.0% 10-dma envelope
- RES 2: 113.41 Multi-year trendline drawn from the Dec 1975 high
- RES 1: 112.90 1.00 proj of Apr 23 - Jul 2 - Aug 4 price swing
- PRICE: 111.91 @ 15:20 BST Oct 8
- SUP 1: 111.51 Low Oct 8
- SUP 2: 110.82/80 Low Oct 4 / High Aug 11
- SUP 3: 110.34 50-day EMA
- SUP 4: 109.76 Low Sep 23
USDJPY has accelerated higher today following a resumption of its uptrend Friday - the pair cleared former resistance at 112.08, Sep 30 high. The break paves the way for further gains and has opened 113.41, a multi-year trendline resistance drawn from the December 1975 high. Ahead of this level, 112.90 is a Fibonacci projection. On the downside, key support has been defined at 110.82, Oct 4 low.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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