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Fresh Cycle High

USDJPY TECHS
  • RES 4: 155.29 1.764 proj of the Feb 1 - 13 - Mar 8 price swing
  • RES 3: 155.00 Round number resistance
  • RES 2: 154.56 1.618 proj of the Feb 1 - 13 - Mar 8 price swing
  • RES 1: 154.45 High Apr 15
  • PRICE: 154.26 @ 16:28 BST Apr 15
  • SUP 1: 152.59 Low Apr 12
  • SUP 2: 151.58150.25 20- and 50-day EMA values
  • SUP 3: 149.03 Low Mar 19
  • SUP 4: 147.44 Low Mar 14

The USDJPY bull cycle extends. Last week’s rally resulted in a break of key resistance at 151.91/95, the Nov 13 ‘23 and Oct 1 ‘22 highs respectively. This confirmed a resumption of the primary uptrend and maintains the bullish price sequence of higher highs and higher lows. Moving average studies are in a bull mode position too. Today’s break of 154.00 opens 154.56 next, a Fibonacci projection. Initial firm support lies at 151.58, the 20-day EMA.

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

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