Free Trial

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

Bearish Outlook

  • RES 4: 153.39 3.764 proj of the May 24 - Jul 14 - Aug 2 price swing
  • RES 3: 152.30 High Jul 1990
  • RES 2: 151.95 High Oct 21
  • RES 1: 149.71 High Oct 24
  • PRICE: 147.10 @ 15:35 GMT Nov 4
  • SUP 1: 145.68/145.11 Low Nov 2 / Low Oct 27
  • SUP 2: 144.66 50-day EMA
  • SUP 3: 143.53 Low Oct 5
  • SUP 4: 141.77 Low Sep 23

USDJPY traded lower into the Friday close, keeping prices within range of the post-Fed low at 145.68. The pair still appears vulnerable and continues to trade below resistance at 149.71. A resumption of weakness would refocus attention on the 50-day EMA at 144.66 - a key support. Clearance of the average would signal scope for a deeper pullback. Momentum studies continue to trend down. For bulls, a break of 149.71 would be a positive development and this would expose the bull trigger at 151.95, Oct 21 high.

MNI London Bureau | +44 203-865-3809 |

To read the full story

Why Subscribe to


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.