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USDCAD TECHS

Heading North

GLOBAL POLITICAL RISK

Modi, AMLO Top Major Economy Leader Poll, Macron Last

AUDUSD TECHS

Under Pressure

EURJPY TECHS

Trend Condition Remains Bearish

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  • RES 4: 116.08 1.764 proj of Apr 23 - Jul 2 - Aug 4 price swing
  • RES 3: 155.51 High Mar 10, 2017
  • RES 2: 114.99 1.50 proj of Apr 23 - Jul 2 - Aug 4 price swing
  • RES 1: 114.73 High Nov 6, 2017
  • PRICE: 114.30 @ 15:41 BST Oct 20
  • 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 remains firm and has traded to a fresh trend high Wednesday. A strong bullish theme follows the break last week of a long-term trendline (at 113.41) drawn off the December 1975 high. Bulls have not looked back and momentum continues to suggest scope for further upside. Attention is on 115.51, the Mar 10 high, 2017. On the downside, initial firm support is seen at 112.08, Sep 30 high and a recent breakout level.