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Approaching The Bull trigger 145.55

USDJPY TECHS
  • RES 4: 146.52 1.236 proj of the May 24 - Jul 14 - Aug 2 price swing
  • RES 3: 146.03 2.764 proj of the Aug 2 - 8 - 11 price swing
  • RES 2: 145.90 High Sep 22 and the bull trigger
  • RES 1: 145.67 Intraday high
  • PRICE: 145.55 @ 13:27 BST Oct 10
  • SUP 1: 143.68/141.77 20-day EMA / Low Sep 23
  • SUP 2: 140.89/36 50-day EMA / Low Sep 22, and key support
  • SUP 3: 139.39 High Jul 14 and a former key resistance
  • SUP 4: 137.37 Low Aug 29

USDJPY is holding on to its recent gains and has traded higher today. The primary uptrend remains intact and sights are on the bull trigger and key resistance at 145.90, the Sep 22 high. A break of this hurdle would confirm a resumption of the trend and open 146.03, a Fibonacci projection. On the downside, clearance of 140.36 is required to highlight a top. Initial firm support is seen at 143.68, the 20-day EMA.

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