Free Trial

Cracks 130.00

USDJPY TECHS
  • RES 4: 133.11 High Apr 4 2002
  • RES 3: 132.39 High Apr 15 2002
  • RES 2: 131.96 1.00 proj of the Feb 24 - Mar 28 - 31 price swing
  • RES 1: 131.01 Intraday high
  • PRICE: 130.57 @ 13:31 BST Apr 28
  • SUP 1: 128.34/126.95 Intraday low / Low Apr 27 and a key support
  • SUP 2: 125.89 20-day EMA
  • SUP 3: 125.09 Low Apr 14
  • SUP 4: 124.01 Low Apr 11

USDJPY has recovered from Wednesday’s 126.95 low and in the process has cleared the recent trend high of 129.40 (Apr 20) and a chart point at 129.44, the 0.764 projection of the Feb 24 - Mar 28 - 31 price swing. The break confirms a resumption of the primary uptrend and highlights a bull flag breakout. The psychological 130.00 has been cleared and this strengthens bullish conditions. 126.95 represents a key short-term support.

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.