Trial now
USDCAD TECHS

Stronger In a Range

AUDUSD TECHS

Weaker In A Range

US TSYS SUMMARY

Ending The Week On A Soft Note

EURJPY TECHS

Bearish Risk Growing

USDJPY TECHS

Stronger, But Still Vulnerable

US

SP500 PE Ratio vs. CPI Inflation

Sign up now for free access to this content.

Please enter your details below and select your areas of interest.

  • RES 4: 111.30 High Mar 26, 2020
  • RES 3: 110.97 High Mar 31 and the bull trigger
  • RES 2: 110.55 High Apr 6
  • RES 1: 109.70/96 High May 3 / High Apr 9
  • PRICE: 108.65 @ 18:09 BST May 7
  • SUP 1: 108.34 Low May 7 low
  • SUP 2: 107.48 Low Apr 23 and the bear trigger
  • SUP 3: 106.97 Low Mar 4
  • SUP 4: 106.78 50.0% retracement of the Jan - Mar rally

USDJPY fell sharply post-payrolls, taking out trendline support at 108.44. This counters the bullish outlook, and a break and close through the Apr 23 low at 107.48 is needed to switch the narrative. To the upside, bulls take confidence from the recent recovery off 107.48, Apr 23 low, with MA studies also suggesting further gains. Attention is on 109.96, Apr 9 high.