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Fades Off Resistance

USDJPY TECHS
Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsForeign Exchange News
  • RES 4: 136.67 38.2% retracement of the Oct 21 - Jan 16 bear leg
  • RES 3: 134.77 High Jan 6 and a key resistance
  • RES 2: 134.54 Low Dec 14
  • RES 1: 132.94 50-day EMA
  • PRICE: 131.33 @ 16:22 GMT Feb 7
  • SUP 1: 130.56 20-day EMA
  • SUP 2: 128.09/127.23 Low Feb 2 / Low Jan 16 and the bear trigger
  • SUP 3: 126.81 1.382 proj of the Oct 31 - Nov 15 - 21 price swing
  • SUP 4: 126.36 Low May 24 and a key support

USDJPY faded through the latter half of the Tuesday session, putting prices well off resistance at the 50-day EMA of 132.94. Firm support to watch lies at 128.09, the Feb 2 low. The bear trigger is at 127.23, the Jan 16 low. To the upside, clearance of the 50-day EMA would highlight a stronger reversal and expose 134.77, the Jan 6 high.

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  • RES 4: 136.67 38.2% retracement of the Oct 21 - Jan 16 bear leg
  • RES 3: 134.77 High Jan 6 and a key resistance
  • RES 2: 134.54 Low Dec 14
  • RES 1: 132.94 50-day EMA
  • PRICE: 131.33 @ 16:22 GMT Feb 7
  • SUP 1: 130.56 20-day EMA
  • SUP 2: 128.09/127.23 Low Feb 2 / Low Jan 16 and the bear trigger
  • SUP 3: 126.81 1.382 proj of the Oct 31 - Nov 15 - 21 price swing
  • SUP 4: 126.36 Low May 24 and a key support

USDJPY faded through the latter half of the Tuesday session, putting prices well off resistance at the 50-day EMA of 132.94. Firm support to watch lies at 128.09, the Feb 2 low. The bear trigger is at 127.23, the Jan 16 low. To the upside, clearance of the 50-day EMA would highlight a stronger reversal and expose 134.77, the Jan 6 high.