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Fresh Cycle High

USDJPY TECHS
  • RES 4: 153.52 2.236 proj of the Jan 16 - Mar 8 - Mar 24 price swing
  • RES 3: 152.20 3.00 proj of the Jul 14 - 21 - 28 price swing
  • RES 2: 151.95 High Oct 21 and a major resistance
  • RES 1: 151.71 High Oct 31
  • PRICE: 151.33 @ 17:10 GMT Oct 31
  • SUP 1: 148.81/148.02 Low Oct 30 / 50-day EMA
  • SUP 2: 147.43 Low Oct 3 and key support
  • SUP 3: 146.44 Low Sep 12
  • SUP 4: 145.91 Low Sep 11

USDJPY has recovered from Monday’s 148.81 low and is trading higher again Tuesday. The pair has cleared last week’s 150.78 high (Oct 26). This confirms a resumption of the uptrend and paves the way for a climb towards 151.09 next, a Fibonacci projection.Moving average studies are in a bull-mode position and this reflects the market's positive sentiment. On the downside, firm support lies at the 50-day EMA, at 148.02 is firm support.

Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsForeign Exchange Bullets
Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsForeign Exchange Bullets

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