Free Trial
AUSSIE 10-YEAR TECHS

(H3) Extends Spell of Strength

USDCAD TECHS

Downtrend Remains Intact

AUDUSD TECHS

Trend Needle Points North

US TSYS

Late SOFR/Treasury Option Roundup

EURJPY TECHS

Impulsive Sell-Off

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Bear Flag Formation

USDJPY TECHS
  • RES 4: 145.11 Low Oct 27 and a recent breakout level
  • RES 3: 143.81 50-day EMA
  • RES 2: 142.48 High Nov 11
  • RES 1: 140.80 High Nov 14
  • PRICE: 139.89 @ 16:00 GMT Nov 18
  • SUP 1: 137.68 Low Nov 15
  • SUP 2: 137.37 Low Aug 29
  • SUP 3: 135.82 Low Aug 23
  • SUP 4: 135.49 76.4% retracement of the Aug 2 - Oct 21 bull leg

Short-term trend conditions in USDJPY remain bearish. The pair is consolidating and this pause appears to be a bear flag formation, reinforcing the downtrend. A continuation lower would open 137.37, the Aug 29 low. The pair has pierced 138.64, 61.8% of the Aug 2 - Oct 21 bull leg. A clear break of this key Fibonacci retracement would reinforce bearish conditions. The 50-day EMA at 143.81 remains a key short-term resistance.

132 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.
  • RES 4: 145.11 Low Oct 27 and a recent breakout level
  • RES 3: 143.81 50-day EMA
  • RES 2: 142.48 High Nov 11
  • RES 1: 140.80 High Nov 14
  • PRICE: 139.89 @ 16:00 GMT Nov 18
  • SUP 1: 137.68 Low Nov 15
  • SUP 2: 137.37 Low Aug 29
  • SUP 3: 135.82 Low Aug 23
  • SUP 4: 135.49 76.4% retracement of the Aug 2 - Oct 21 bull leg

Short-term trend conditions in USDJPY remain bearish. The pair is consolidating and this pause appears to be a bear flag formation, reinforcing the downtrend. A continuation lower would open 137.37, the Aug 29 low. The pair has pierced 138.64, 61.8% of the Aug 2 - Oct 21 bull leg. A clear break of this key Fibonacci retracement would reinforce bearish conditions. The 50-day EMA at 143.81 remains a key short-term resistance.