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Fresh YTD High

USDJPY TECHS
  • RES 4: 140.86 1.764 proj of the Aug 2 - 8 - 11 price swing
  • RES 3: 140.11 1.618 proj of the Aug 2 - 8 - 11 price swing
  • RES 2: 140.00 Psychological round number
  • RES 1: 139.68 Intraday high
  • PRICE: 139.32 @ 06:44 BST Sep 1
  • SUP 1: 138.05 Low Aug 30
  • SUP 2: 136.54 20-day EMA
  • SUP 3: 135.21 50-day EMA
  • SUP 4: 133.91 Low Aug 17

USDJPY short-term conditions are unchanged and remain bullish. The pair has traded higher today and in the process cleared resistance at 139.39, the Jul 14 high. The break of this level confirms a resumption of the primary uptrend and paves the way for a climb towards the 140.00 handle. On the downside, firm short-term support is seen at 136.54, the 20-day EMA. Dips would be considered corrective.

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