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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: 153.52 2.236 proj of the Jan 16 - Mar 8 - Mar 24 price swing
- RES 3: 152.20 3.00 proj of the Jul 14 - 21 - 28 price swing
- RES 2: 150.78/51.95 High Nov 17 / High Oct 21 ‘22 - major resistance
- RES 1: 149.16 50-day EMA
- PRICE: 147.67 @ 06:37 GMT Nov 21
- SUP 1: 147.25 Intraday low
- SUP 2: 146.00 Trendline support drawn from the Mar 24 low
- SUP 3: 144.45 Low Sep 1
- SUP 4: 142.85 61.8% of the Jul 14 - Nov 13 bull run
USDJPY has traded lower today as the pair extends the corrective pullback from 151.91, the Nov 13 high. Support at the 50-day EMA, at 149.16, has been cleared. This strengthens a short-term bearish theme and signals scope for a deeper correction, towards 146.00, a trendline support drawn from the Mar 24 low. The primary trend direction remains up. A resumption of gains would refocus attention on 151.95, the Oct 21 2022 high.
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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