MNI BOK WATCH: More Evidence Needed To Cut Rates, Says Rhee

MNI: PBOC Conducts CNY2 Bln Via OMO Thurs; Liquidity Unchanged

CHINA PBOC CONDUCTS CNY2 BILLION VIA 7-DAY REVERSE REPOS THURS

MNI: PBOC Sets Yuan Parity Lower At 7.1339 Thurs; -1.06% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1339 THURS VS 7.1342

MNI BRIEF: Bank of Korea Keeps Policy Rate At 3.50%

Activity data stronger-than-expected; little impact on near-term monpol

MNI: GERMANY JUNE FINAL HICP +2.5 % M/M, +0.2% Y/Y

MNI: GERMAN JUN CPI +2.2 % Y/Y

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Holding On To Its Recent Gains

USDJPY TECHS
Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsForeign Exchange Bullets
  • RES 4: 156.47 2.00 proj of the Feb 1 - 13 - Mar 8 price swing
  • RES 3: 156.00 Psychological Handle
  • RES 2: 155.29 1.764 proj of the Feb 1 - 13 - Mar 8 price swing
  • RES 1: 155.17 High Apr 24
  • PRICE: 155.070 @ 16:32 BST Apr 24
  • SUP 1: 153.59 Low Apr 19
  • SUP 2: 153.13/151.32 20- and 50-day EMA values
  • SUP 3: 150.27 Low Mar 21
  • SUP 4: 149.03 Low Mar 19

The USDJPY trend condition remains bullish and the pair printed another higher high Wednesday. Moving average studies remain in a bull mode position too and this set-up continues to highlight a clear rising trend. The trend is overbought, however, this is clearly not a concern for bulls at this stage. Sights are on the 155.29 next. On the downside, support lies at 153.13, the 20-day EMA.

136 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
  • RES 4: 156.47 2.00 proj of the Feb 1 - 13 - Mar 8 price swing
  • RES 3: 156.00 Psychological Handle
  • RES 2: 155.29 1.764 proj of the Feb 1 - 13 - Mar 8 price swing
  • RES 1: 155.17 High Apr 24
  • PRICE: 155.070 @ 16:32 BST Apr 24
  • SUP 1: 153.59 Low Apr 19
  • SUP 2: 153.13/151.32 20- and 50-day EMA values
  • SUP 3: 150.27 Low Mar 21
  • SUP 4: 149.03 Low Mar 19

The USDJPY trend condition remains bullish and the pair printed another higher high Wednesday. Moving average studies remain in a bull mode position too and this set-up continues to highlight a clear rising trend. The trend is overbought, however, this is clearly not a concern for bulls at this stage. Sights are on the 155.29 next. On the downside, support lies at 153.13, the 20-day EMA.