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Free AccessBullish Focus *RES 4: 110.96.......>
DOLLAR-YEN TECHS: Bullish Focus
*RES 4: 110.96 High May 6, 2019
*RES 3: 110.67 High May 21, 2019
*RES 2: 110.29 High Jan 17 and bull trigger
*RES 1: 110.13 High Feb 12
*PRICE: 110.03 @ 16:34 GMT Feb 12
*SUP 1: 109.52 Low Feb 7 and key intraday support
*SUP 2: 109.30 Low Feb 5
*SUP 3: 108.55 Low Jan 4
*SUP 4: 108.31 Low Jan 31
USDJPY has traded lower overnight. A bullish tone however remains intact
following last week's rally. Attention is on 110.29, the Jan 17 high and the
near-term bull trigger. A break of this level would reinforce bullish conditions
and pave the way for strength towards 110.67, the May 21 high. A break higher
would also confirm a resumption of the broader uptrend that has been in place
since late August last year. Initial support lies at 109.53, the Feb 7 low.
To read the full story
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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.