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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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Free AccessBearish Threat *RES 4: 108.32......>
DOLLAR-YEN TECHS: Bearish Threat
*RES 4: 108.32 1.0% 10-dma envelope
*RES 3: 108.16 High Jul 1 and the bull trigger
*RES 2: 107.79 High Jul 7
*RES 1: 107.53 Intraday high
*PRICE: 107.20 @ 10:43 BST Jul 20
*SUP 1: 106.67/65 Low Jul 15 / Jul 10 and intraday bear trigger
*SUP 2: 106.07 Low Jun 23
*SUP 3: 105.99 Low May 6 and 7 and key support
*SUP 4: 105.21 61.8% retracement of the Mar 9 - 24 rally
USDJPY continues to essentially consolidate. Bearish pressure is still seen
likely near-term. On Jun 10, support at 106.80, Jun 26 low was breached
reinforcing a bearish bearish tone. The break has exposed key support at
106.07/105.99, Jun 23 low and May 6/7 low. Clearance of this area would
represent an important bearish break. On the upside, firm S/T resistance is at
107.79, Jul 7 high. Initial resistance though is today 107.53 intraday high.
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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.