Trial now
USDCAD TECHS

Needle Still Points South

US TSYS

Yields Bounce as Equities Make New Monthly Highs

AUDUSD TECHS

Heading North

EURJPY TECHS

Bull Rally Accelerates

COLOMBIA

Economists Survey Raises 2021 CPI Forecast To 4.9%

Channel Support Breached *RES 4:...>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Channel Support Breached
*RES 4: 110.50 1.000 projection Aug 26 - Sep 18 rally from Oct 3 low
*RES 3: 109.93 High May 30
*RES 2: 109.49 High Nov 7 and bull trigger
*RES 1: 108.86 High Nov 14
*PRICE: 108.58 @ 05:51 GMT Nov 15
*SUP 1: 108.24 Low Nov 14
*SUP 2: 107.89 Low Nov 1 and key support
*SUP 3: 107.57 38.2% retracement of the Aug 26 - Nov 7 rally
*SUP 4: 107.04 Low Oct 10
USDJPY traded below support at 108.54 Thursday, the base of a channel drawn off
the Aug 26 low. The break allows for a deeper correction and has opened 107.89
initially, Nov 1 low. Clearance of this support would pave the way for a move to
107.57, 38.2% of the Aug 26 - Nov 7 rally. The 50% retracement is at 106.97.
Initial resistance is Thursday's intraday high of 108.86. A break back of 108.86
and 109.00 is required to signal a return to bullish behaviour.