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USDCAD TECHS

Pullback Considered Corrective

AUDUSD TECHS

Holding Above Recent Lows

US EURODLR OPTIONS

BLOCK, Large 3Y Midcurve Put Condor

Finds Support

USDJPY TECHS
  • RES 4: 106.11 High Oct 7, 2020
  • RES 3: 106.05 1.50 projection of Jan 6 / 11 / 21 swing
  • RES 2: 105.77 High Feb 5 and key resistance
  • RES 1: 105.26 High Feb 9
  • PRICE: 104.85 @ 06:24 GMT Feb 12
  • SUP 1: 104.51 20-day EMA
  • SUP 2: 104.41 Low Feb 10 / Trendline drawn off the Jan 6 low
  • SUP 3: 103.53 Former channel top drawn off the Mar 2020 high
  • SUP 4: 103.33 Low Jan 21

USDJPY has found some support off Wednesday's low of 104.41. The recent move lower from 105.77, Feb 5 high is considered a correction. The outlook remains bullish following recent price developments. On Jan 27, the pair cleared a bear channel resistance drawn off the Mar 2020 high and resistance at 104.40 gave way on Jan 28. The support zone to watch is 104.51/41, the 20-day EMA and a trendline drawn off the Jan 6 low.

MNI London Bureau | +44 203-586-3805 | taso.anastasiou.ext@marketnews.com