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USDJPY TECHS
  • RES 4: 147.49 2.00 projection of the Jul 14 - 21 - 28 price swing
  • RES 3: 146.59 High Nov 10 2022
  • RES 2: 146.38 1.764 projection of the Jul 14 - 21 - 28 price swing
  • RES 1: 145.93 High Aug 16
  • PRICE: 145.46 @ 17:12 BST Aug 16
  • SUP 1: 143.89 High Aug 3
  • SUP 2: 143.03/141.55 20- and 50-day EMA values
  • SUP 3: 138.07 Low Jul 28
  • SUP 4: 137.25 Low Jul 14 and key support

The uptrend in USDJPY remains intact and the pair touched a fresh cycle high of 145.93 Wednesday. Recent gains resulted in a break of resistance at 145.07, Jun 30 high, confirming a resumption of the uptrend and maintaining the bullish price sequence of higher highs and higher lows. MA studies are in a bull mode condition, highlighting bullish sentiment. The focus is on 146.38, a Fibonacci projection. Initial support to watch is 143.03, the 20-day EMA.

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