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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.
USDJPY TECHS
- RES 4: 140.71 1.236 proj of the Jun 16 - 22 - 23 price swing
- RES 3: 140.00 Psychological round number
- RES 2: 137.96/39.39 High Jul 22 / 14 and the bull trigger
- RES 1: 136.58/137.46 Intraday high / High Jul 27
- PRICE: 137.14 @ 16:21 BST Jul 27
- SUP 1: 135.11 Intraday low
- SUP 2: 134.26/27 50-day EMA / Low Jun 23 and a key support
- SUP 3: 132.17 Low Jun 17
- SUP 4: 131.50 Low Jun 16
USDJPY is trading lower today. The pair has pierced an important support at 135.50, the base of a bull channel drawn from the Mar 4 low. A clear break of this channel base would strengthen current bearish conditions and signal scope for a deeper pullback. This would expose support at 134.27, the Jun 23 low. Initial resistance to watch is Wednesday’s 137.46 high. A break of this level would ease the current bearish threat.
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.
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