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

MNI China Daily Summary: Monday, December 9

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

MNI BRIEF: Mexico Inflation Down To 4.55% In November

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

MNI: PBOC Sets Yuan Parity Higher At 7.1870 Mon; -1.39% Y/Y

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

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

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

Clears Its Bull Channel Top And The 120.00 Handle

USDJPY TECHS
  • RES 4: 122.47 2.382 projection of the Dec 3 - Jan 4 - 24 price swing
  • RES 3: 121.69 High Jan 29 2016
  • RES 2: 121.04 High Feb 2 2016
  • RES 1: 121.03 High Mar 22
  • PRICE: 120.70 @ 17:02 GMT Mar 22
  • SUP 1: 119.04/ Low Mar 21 / 118.18 Low Mar 16
  • SUP 2: 117.28/117.02 Low Mar 14 / 20-day EMA
  • SUP 3: 116.35 High Jan 4
  • SUP 4: 115.88 50-day EMA

USDJPY remains in an uptrend and the pair resumed its push higher Tuesday. This has resulted in a break through the top of the bull channel, drawn from the Jun 1 2021 high. More importantly though, the USD has also cleared the psychological 120.00 handle. This confirms a resumption of the uptrend and strengthens bullish conditions. The focus shifts to 121.04 next, the Feb 2 2016 high. Support is seen at Monday’s 119.04 low.

Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsForeign Exchange Bullets
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.