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EURJPY TECHS

Approaching The 20-and 50-Day EMAs

AUSSIE 10-YEAR TECHS

(U2) Bull Cycle Still In Play

USDJPY TECHS

Corrective Bounce Still In Play

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Bounce Considered Corrective

USDJPY TECHS
Foreign Exchange Technical Analysismarkets-real-timeBulletMarketsForeign Exchange
  • RES 4: 137.46 High Jul 27
  • RES 3: 136.30 Former channel support drawn from the Mar 4 low
  • RES 2: 135.48 20-day EMA
  • RES 1: 134.08 50-Day EMA
  • PRICE: 133.05 @ 06:49 BST Aug 3
  • SUP 1: 130.41/130.00 Low Aug 2 / Round number support
  • SUP 2: 129.51 Low Jun 2
  • SUP 3: 128.64 Low Jun 1
  • SUP 4: 127.53 Low May 31

USDJPY recovered losses into the Tuesday close, having found support at 130.41. Gains are considered corrective - for now. Recent weakness has resulted in the break of a number of important technical chart points. A bull channel breakout - drawn from the Mar 4 low - signals a short-term reversal. Support at 131.50, Jun 16 low has also been cleared. A resumption of weakness would open 130.00. Initial resistance is at 134.08, the 50-day EMA

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  • RES 4: 137.46 High Jul 27
  • RES 3: 136.30 Former channel support drawn from the Mar 4 low
  • RES 2: 135.48 20-day EMA
  • RES 1: 134.08 50-Day EMA
  • PRICE: 133.05 @ 06:49 BST Aug 3
  • SUP 1: 130.41/130.00 Low Aug 2 / Round number support
  • SUP 2: 129.51 Low Jun 2
  • SUP 3: 128.64 Low Jun 1
  • SUP 4: 127.53 Low May 31

USDJPY recovered losses into the Tuesday close, having found support at 130.41. Gains are considered corrective - for now. Recent weakness has resulted in the break of a number of important technical chart points. A bull channel breakout - drawn from the Mar 4 low - signals a short-term reversal. Support at 131.50, Jun 16 low has also been cleared. A resumption of weakness would open 130.00. Initial resistance is at 134.08, the 50-day EMA