Free Trial
AUSSIE BONDS

Still Grinding Cheaper

GOLD

Respecting Recent Ranges

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Northbound

USDJPY TECHS
  • RES 4: 140.00 Psychological round number
  • RES 3: 139.48 1.00 proj of the Jun 16 - 22 - 23
  • RES 2: 138.56 1.618 proj of the Feb 24 - Mar 28 - 31 price swing
  • RES 1: 137.87/138.00 High Jul 13 / Round number resistance
  • PRICE: 137.31 @ 16:21 BST Jul 13
  • SUP 1: 135.37/134.27 20-day EMA / Low Jun 23
  • SUP 2: 133.30 Bull channel base from the Mar 4 low
  • SUP 3: 131.50 Low Jun 16 and a key support
  • SUP 4: 130.00 Round number support

USDJPY remains bullish. Wednesday’s fresh cycle high confirms a resumption of the primary uptrend and signals scope for an extension higher. The move higher also highlights the fact that corrections remain shallow, reinforcing underlying bullish conditions. The focus is on the 138.00 handle and 138.56 further out, a Fibonacci projection. Firm short-term support lies at 134.27, the Jun 23 low.

143 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.
  • RES 4: 140.00 Psychological round number
  • RES 3: 139.48 1.00 proj of the Jun 16 - 22 - 23
  • RES 2: 138.56 1.618 proj of the Feb 24 - Mar 28 - 31 price swing
  • RES 1: 137.87/138.00 High Jul 13 / Round number resistance
  • PRICE: 137.31 @ 16:21 BST Jul 13
  • SUP 1: 135.37/134.27 20-day EMA / Low Jun 23
  • SUP 2: 133.30 Bull channel base from the Mar 4 low
  • SUP 3: 131.50 Low Jun 16 and a key support
  • SUP 4: 130.00 Round number support

USDJPY remains bullish. Wednesday’s fresh cycle high confirms a resumption of the primary uptrend and signals scope for an extension higher. The move higher also highlights the fact that corrections remain shallow, reinforcing underlying bullish conditions. The focus is on the 138.00 handle and 138.56 further out, a Fibonacci projection. Firm short-term support lies at 134.27, the Jun 23 low.