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Clears The Bull Trigger

USDJPY TECHS
  • RES 4: 137.91 High Mar 8 and key resistance
  • RES 3: 137.38 High Mar 9
  • RES 2: 136.99 High Mar 10
  • RES 1: 136.56 High Apr 28
  • PRICE: 136.23 @ 19:38 BST Apr 28
  • SUP 1: 135.13 High Apr 19 and a recent breakout level
  • SUP 2: 133.02 Low Apr 26 and a key near-term support
  • SUP 3: 132.02 Low Apr 13
  • SUP 4: 131.53 Low Feb 2

USDJPY rallied sharply higher Friday and this cancels recent bearish threats. The bull trigger at 135.13, Apr 19 high, has been cleared. The break confirms a resumption of the trend that started Mar 24. The pair has cleared a number of key short-term resistance points and this paves the way for gains towards 137.91, the Mar 8 high and a key resistance. Key short-term support has been defined at 133.02, the Apr 26 low.

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