MNI BRIEF: Foreign Firms Content In China

MNI China Press Digest July 26: Deposit Rates, Fiscal, PBOC

MNI: PBOC Net Injects CNY299.05 Bln via OMO Fri

MNI: PBOC Sets Yuan Parity Lower At 7.1270 Fri; -0.95% Y/Y

CHINA PBOC CONDUCTS CNY358.05 BILLION VIA 7-DAY REVERSE REPOS FRI

CHINA SETS YUAN CENTRAL PARITY AT 7.1270 FRI VS 7.1321

MNI: SWEDEN JUN UNEMPLOYMENT 9.4%

EZ/UK Bond Supply Calendar: BoE Short APF Operation on Monday

Japan Tokyo Jul Core CPI +2.2% Y/Y

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Price Signal Summary - USDJPY Tests Key Short-Term Support Zone

OUTLOOK
  • In FX, EURUSD remains in an uptrend. Sights are on 1.1095, the Apr 26 high and bull trigger. A break would confirm a resumption of the uptrend and open 1.1127, the 1.00 projection of the Mar 15 - 23 - 24 price swing. Moving average studies remain in a bull-mode condition highlighting bullish sentiment. Key S/T support has been defined at 1.0942, Tuesday’s low. A clear break of it would signal scope for a deeper correction.
  • The trend outlook in GBPUSD remains bullish and a fresh cycle high this week reinforces current conditions, maintaining the bullish price sequence of higher highs and higher lows. The focus is on 1.2599, the Jun 7 2022 high and 1.2667, the May 27 high last year. Support to watch is at the 20-day EMA, which intersects at 1.2450. A clear break of this average is required to signal a short-term top and suggest scope for a deeper correction.
  • USDJPY traded lower Wednesday, extending the pullback from Tuesday’s high of 137.77 high. Price has pierced support at the 20-day EMA which intersects at 134.43. The 50-day EMA lies at 133.84. A clear breach of this support zone would undermine the recent bullish theme and signal scope for a deeper pullback. Key resistance is unchanged at 137.91, the Mar 8 high. A break would be bullish.
Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income BulletsForeign Exchange Bullets
Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income BulletsForeign Exchange Bullets

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.