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RUSSIA

Putin: Russia Set To Unveil New Hypersonic Weapons

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  • RES 4: 116.08 1.764 proj of Apr 23 - Jul 2 - Aug 4 price swing
  • RES 3: 115.51 High Mar 10, 2017
  • RES 2: 114.99 1.50 proj of Apr 23 - Jul 2 - Aug 4 price swing
  • RES 1: 114.70/73 High Oct 20 / High Nov 6, 2017
  • PRICE: 114.07 @ 06:32 BST Oct 21
  • SUP 1: 113.65/00 Low Oct 15 / Low Oct 12
  • SUP 2: 112.08 High Sep 30 and a recent breakout level
  • SUP 3: 111.51 Low Oct 8
  • SUP 4: 110.82/80 Low Oct 4 / High Aug 11

USDJPY dips are considered corrective. The outlook remains bullish and Wednesday's fresh trend high reinforces the current condition. A strong bullish theme follows the recent break of a long-term trendline (at 113.41) drawn off the Dec 1975 high. Bulls have not looked back and momentum remains firm. Attention is on 115.51, the Mar 10 2017 high. On the downside, initial firm support is seen at 112.08, Sep 30 high and a recent breakout level.