Trial now
USDCAD TECHS

Stronger In a Range

AUDUSD TECHS

Weaker In A Range

US TSYS SUMMARY

Ending The Week On A Soft Note

EURJPY TECHS

Bearish Risk Growing

USDJPY TECHS

Stronger, But Still Vulnerable

US

SP500 PE Ratio vs. CPI Inflation

Sign up now for free access to this content.

Please enter your details below and select your areas of interest.

  • RES 4: 111.30 High Mar 26, 2020
  • RES 3: 110.97 High Mar 31 and the bull trigger
  • RES 2: 110.55 High Apr 6
  • RES 1: 109.70/96 High May 3 / High Apr 9
  • PRICE: 109.12 @ 16:12 BST May 6
  • SUP 1: 108.44 Low Apr 29
  • SUP 2: 107.48 Low Apr 23 and the bear trigger
  • SUP 3: 106.97 Low Mar 4
  • SUP 4: 106.78 50.0% retracement of the Jan - Mar rally

USDJPY outlook is unchanged and remains bullish although for now the pair is consolidating. A bullish theme follows the recent recovery from 107.48, Apr 23 low and the failure to confirm a clear break of trendline support drawn the Jan 6 low. With the trendline intact and MA studies in bull mode, further gains are likely. Attention is on 109.96, Apr 9 high. Initial support is at 108.44, Apr 29 low. A break of 107.48 though is required to reinstate a bearish theme.