Free Trial
USDCAD TECHS

Northbound

US TSYS

FI Support Evaporates Amid Late Month End Selling

AUDUSD TECHS

Remains Vulnerable

CANADA

Late Risk Off Sees USDCAD Eye Cycle Highs

US TSY OPTIONS

BLOCK, Late Puts

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 Threat Remains Present

USDJPY TECHS
  • RES 4: 137.27 76.4% retracement of the Jul 14 - Aug 2 downleg
  • RES 3: 136.58 High Jul 28
  • RES 2: 135.96 61.8% retracement of the Jul 14 - Aug 2 downleg
  • RES 1: 134.02/35.58 50-day EMA / High Aug 8
  • PRICE: 133.04 @ 15:56 BST Aug 15
  • SUP 1: 131.74 Low Aug 11
  • SUP 2: 130.41/130.00 Low Aug 2 / Round number support
  • SUP 3: 129.51 Low Jun 2
  • SUP 4: 128.64 Low Jun 1

USDJPY firm resistance has been defined at 135.58, the Aug 8 high. The sell-off on Aug 10 highlights a reversal of the recent correction between Aug 2 - 8. A bearish theme remains in place following the Jul 28 bull channel breakout. The channel is drawn from the Mar 4 low and the break confirmed a bear condition. A deeper pullback would open 130.41, the Aug 2 low and the bear trigger.

143 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: 137.27 76.4% retracement of the Jul 14 - Aug 2 downleg
  • RES 3: 136.58 High Jul 28
  • RES 2: 135.96 61.8% retracement of the Jul 14 - Aug 2 downleg
  • RES 1: 134.02/35.58 50-day EMA / High Aug 8
  • PRICE: 133.04 @ 15:56 BST Aug 15
  • SUP 1: 131.74 Low Aug 11
  • SUP 2: 130.41/130.00 Low Aug 2 / Round number support
  • SUP 3: 129.51 Low Jun 2
  • SUP 4: 128.64 Low Jun 1

USDJPY firm resistance has been defined at 135.58, the Aug 8 high. The sell-off on Aug 10 highlights a reversal of the recent correction between Aug 2 - 8. A bearish theme remains in place following the Jul 28 bull channel breakout. The channel is drawn from the Mar 4 low and the break confirmed a bear condition. A deeper pullback would open 130.41, the Aug 2 low and the bear trigger.