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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: 144.25 2.0% 10-dma envelope
  • RES 1: 143.87 High Jun 22
  • PRICE: 143.78 @ 16:25 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 again Friday, topping 142.51, 61.8% of 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.

MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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