Free Trial

Northbound

USDJPY TECHS
  • RES 4: 146.12 76.4% Oct-Jan Downleg
  • RES 3: 144.40 1.382 proj of the Jan 16 - Mar 8 - Mar 24 price swing
  • RES 2: 143.81 2.0% 10-dma envelope
  • RES 1: 143.23 High Jun 22
  • PRICE: 143.14 @ 06:14 BST Jun 23
  • SUP 1: 141.21 Low Jun 20
  • SUP 2: 140.32/139.29 20-day EMA / Low Jun 14
  • SUP 3: 138.45 Low Jun 1
  • SUP 4: 138.22 50-day EMA

USDJPY resumed its uptrend Thursday, topping 142.51 - the 61.8% retracement for the Oct-Jan downleg. The break higher retains the bullish technical short-term outlook, with 143.81 the next upside level, the upper band of a MA envelope study. Price has also added to gains on the recent breach of the top of a bull channel, at 141.70, drawn from the Jan 16 high. Key short-term support is at 140.32 the 20-day EMA.

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.