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Bulls Remain In The Driver’s Seat

USDJPY TECHS
Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsForeign Exchange News
  • RES 4: 148.85 High Oct 31 2022
  • RES 3: 148.60 2.236 projection of the Jul 14 - 21 - 28 price swing
  • RES 2: 148.40 High Nov 4 2022
  • RES 1: 147.87 Intraday high
  • PRICE: 147.18 @ 16:05 BST Sep 07
  • SUP 1: 145.86 20-day EMA
  • SUP 2: 144.45 Low Sep 1 and key support
  • SUP 3: 143.78 50-day EMA
  • SUP 4: 142.41 Low Aug 8

The USDJPY trend condition remains bullish and the pair is holding on to this week’s gains. Resistance at 147.37, the Aug 29 high and a bull trigger, has been cleared. This confirms a resumption of the uptrend and opens 148.40 next, the Nov 4 2022 high. On the downside, 144.45 represents the key short-term support, the Sep 1 low. A break of this level would highlight a short-term top and signal scope for a deeper correction.

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  • RES 4: 148.85 High Oct 31 2022
  • RES 3: 148.60 2.236 projection of the Jul 14 - 21 - 28 price swing
  • RES 2: 148.40 High Nov 4 2022
  • RES 1: 147.87 Intraday high
  • PRICE: 147.18 @ 16:05 BST Sep 07
  • SUP 1: 145.86 20-day EMA
  • SUP 2: 144.45 Low Sep 1 and key support
  • SUP 3: 143.78 50-day EMA
  • SUP 4: 142.41 Low Aug 8

The USDJPY trend condition remains bullish and the pair is holding on to this week’s gains. Resistance at 147.37, the Aug 29 high and a bull trigger, has been cleared. This confirms a resumption of the uptrend and opens 148.40 next, the Nov 4 2022 high. On the downside, 144.45 represents the key short-term support, the Sep 1 low. A break of this level would highlight a short-term top and signal scope for a deeper correction.