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Pierces 150.00

USDJPY TECHS
  • RES 4: 151.49 1.618 proj of the May 24 - Jul 14 - Aug 2 price swing
  • RES 3: 151.20 3.764 proj of the Aug 2 - 8 - 11 price swing
  • RES 2: 150.45 3.618 proj of the Aug 2 - 8 - 11 price swing
  • RES 1: 150.08 High Oct 20
  • PRICE: 149.77 @ 15:39 BST Oct 20
  • SUP 1: 148.19/147.06 Low Oct 18 / 14
  • SUP 2: 146.14 20-day EMA
  • SUP 3: 144.72/143.53 Low Oct 7 / 5
  • SUP 4: 142.82 50-day EMA

USDJPY extended the recent rally Thursday to briefly pierce the Y150.00 handle and touch 150.08. This keeps the onus pointed higher for the pair, with a resumption of the primary uptrend and an extension of the trend of higher highs and higher lows. The focus now turns to projection levels at 150.45 and 151.20. Firm trend support lies at 146.14, the 20-day EMA.

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