Free Trial

Narrows Gap With Cycle High

USDJPY TECHS
  • RES 4: 111.30 High Mar 26, 2020
  • RES 3: 110.97 High Mar 31 and the bull trigger
  • RES 2: 110.80 1.0% 10-dma envelope
  • RES 1: 110.60 High Jun 16
  • PRICE: 110.59 @ 20:51 BST Jun 16
  • SUP 1: 109.19/09 Low Jun 7 / 50-day EMA
  • SUP 2: 108.56/34 Low May 25 / Low May 7 and key S/T support
  • SUP 3: 107.48 Low Apr 23 and the bear trigger
  • SUP 4: 106.97 Low Mar 4

USDJPY firmed further Wednesday, narrowing the gap with the bull trigger at Mar 31's 110.97. With the pair firmer once again, attention bumps higher to 110.80, the 1.0% 10-dma envelope A break would remove recent bearish concerns and refocus attention on 110.97, this year's high print. Support lies at 109.19, Jun 7 low.

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.