Free Trial

Key Resistance Intact - For now

USDJPY TECHS
  • RES 4: 147.25 3.00 proj of the Aug 2 - 8 - 11 price swing
  • RES 3: 146.52 1.236 proj of the May 24 - Jul 14 - Aug 2 price swing
  • RES 2: 146.03 2.764 proj of the Aug 2 - 8 - 11 price swing
  • RES 1: 144.99/145.28 High Sep 7 2.618 proj of Aug 2 - 8 - 11 swing
  • PRICE: 144.21 @ 16:20 BST Sep 13
  • SUP 1: 141.51 Low Sep 9
  • SUP 2: 140.21 20-day EMA
  • SUP 3: 139.87 Low Sep 2
  • SUP 4: 137.42 50-day EMA

USDJPY key short-term resistance is at 144.99, the Sep 7 high. The uptrend remains intact and a break of 144.99 would confirm a resumption of bullish activity. This would open 145.28 and 146.03, Fibonacci projections. On the downside, initial firm support has been defined at 141.51, the Sep 9 low. A strong support also lies at the 20-day EMA, at 140.21. A break of this 141.51-140.21 zone is required to highlight a short-term top.

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.