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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.
USDJPY TECHS
- RES 4: 139.07 Bull channel top drawn from the Mar 4 low
- RES 3: 138.56 1.618 proj of the Feb 24 - Mar 28 - 31 price swing
- RES 2: 137.30 1.50 proj of the Feb 24 - Mar 28 - 31 price swing
- RES 1: 136.88 High Oct 30 1998
- PRICE: 136.23 @ 06:36 BST Jun 22
- SUP 1: 134.54 Low Jun 20
- SUP 2: 132.70/131.50 20-day EMA / Low Jun 16 and key support
- SUP 3: 130.43 Low Jun Low Jun 6
- SUP 4: 130.00 Round number support
USDJPY broke to new cycle highs Tuesday, with price clearing short-term resistance at 135.59, Jun 15 high. The break higher confirms a resumption of the primary uptrend and maintains the bullish price sequence of higher highs and higher lows. The focus is on 136.88 next, the Oct 30 1998 high. A bull channel is also evident on the daily chart - drawn from the Mar 4 low. The top, at 139.07, is a near-term objective too. Key short-term support is at 131.50.
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.
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