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JGB TECHS

(U1) Tilted Higher

AUSSIE 10-YEAR TECHS

(U1) Uptrend Weakening

US TSYS SUMMARY

Bullard Kickstarts Reflation Unwind Theme

AUDUSD TECHS

Fresh 2021 Lows

Key Support Cleared

USDJPY TECHS
  • RES 4: 104.76 High Nov 4 and key S/T resistance
  • RES 3: 104.28 High Dec 11
  • RES 2: 104.02 20-day EMA
  • RES 1: 103.56 High Dec 17
  • PRICE: 103.46 @ 05:41 GMT Dec 18
  • SUP 1: 102.88 Low Dec 17
  • SUP 2: 102.75 1.00 proj of Oct 7 - Nov 6 downleg from Nov 11 high
  • SUP 3: 102.02 Low Mar 10
  • SUP 4: 101.63 1.236 proj of Oct 7 - Nov 6 downleg from Nov 11 high

USDJPY traded lower yesterday and cleared support at 103.18. Nov 6 low. This confirms a resumption of the underlying downtrend that started late March. The next objective is set at 102.75, the 1.00 projection of the Oct 7 - Nov 6 downleg from the Nov 11 high. Further out the break lower opens 102.00 and below. Nov 6 low. On the upside, initial resistance is at Thursday's high of 103.56. Upticks are considered corrective.

MNI London Bureau | +44 203-586-3805 | taso.anastasiou.ext@marketnews.com