MNI BRIEF: Inflation Expectations Tick Higher - NY Fed

MNI BRIEF: China Passenger Car Sales Up In November Y/Y

MNI China Daily Summary: Monday, December 9

MNI BRIEF: Mexico Inflation Down To 4.55% In November

MNI BRIEF: China To Strengthen Policy Easing In 2025: Poliburo

MNI BRIEF: China Nov CPI Slows To 5-Month Low Of 0.2% Y/Y

MNI:US OCT WHOLESALE INV 0.2%; SALES -0.1%

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

MNI JAPAN Q3 GDP REV +0.3% Q/Q; PRELIM +0.2%; MEDIAN +0.2%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Bulls Remain In The Driver’s Seat

USDJPY TECHS
  • RES 4: 154.00 3.382 proj of the Jul 14 - 21 - 28 price swing
  • RES 3: 153.52 2.236 proj of the Jan 16 - Mar 8 - Mar 24 price swing
  • RES 2: 152.20 3.00 proj of the Jul 14 - 21 - 28 price swing
  • RES 1: 151.95 High Oct 21 2022 and a major resistance
  • PRICE: 150.85 @ 16:33 GMT Nov 14
  • SUP 1: 150.39 20-day EMA
  • SUP 2: 149.21/148.97 Low Nov 3 / 50-day EMA
  • SUP 3: 148.81 Low Oct 30
  • SUP 4: 147.43 Low Oct 3 and key support

The USDJPY trend outlook remains bullish despite the Tuesday pullback and Monday’s fresh cycle high again reinforces current conditions. Price has traded above 151.72, the Oct 31 high and a bull trigger, confirming a resumption of the uptrend. Note that moving average studies are still in a bull-mode position, reflecting the market's positive sentiment. Sights are on 151.95, the Oct 21 2022 high and a major resistance. Support is at 150.39, the 20-day EMA.

Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsForeign Exchange Bullets

To read the full story

Close

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.