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Cracks 131.00

USDJPY TECHS
Foreign Exchange Technical Analysismarkets-real-timeBulletMarketsForeign Exchange
  • 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 High Apr 28
  • PRICE: 130.90 @ 17:07 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 and (briefly) 131.00 has been cleared and this strengthens bullish conditions. 126.95 represents a key short-term support.

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  • 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 High Apr 28
  • PRICE: 130.90 @ 17:07 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 and (briefly) 131.00 has been cleared and this strengthens bullish conditions. 126.95 represents a key short-term support.