MNI BRIEF: Inflation Expectations Tick Higher - NY Fed

MNI BRIEF: China Passenger Car Sales Up In November Y/Y

MNI China Daily Summary: Monday, December 9

MNI BRIEF: Mexico Inflation Down To 4.55% In November

MNI BRIEF: China To Strengthen Policy Easing In 2025: Poliburo

MNI BRIEF: China Nov CPI Slows To 5-Month Low Of 0.2% Y/Y

MNI:US OCT WHOLESALE INV 0.2%; SALES -0.1%

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

MNI JAPAN Q3 GDP REV +0.3% Q/Q; PRELIM +0.2%; MEDIAN +0.2%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

Price Signal Summary - USDJPY Trend Condition Remains Bullish

OUTLOOK
  • In FX, EURUSD trend conditions remain bearish. The latest pause in the trend appears to be a flag formation - a bearish continuation pattern. The recent sell-off confirmed a resumption of the downtrend. Sights are on 1.0724, the Dec 8 low, and 1.0712, 61.8% of the Oct - Dec bull leg. Clearance of this key support zone would strengthen the bearish theme. Initial resistance is 1.0833, the 20-day EMA.
  • A bearish condition in GBPUSD remains intact and the latest recovery appears to be a correction. Recent weakness resulted in a clear break of 1.2597, the Jan 17 low and the base of a recent range. The range breakout strengthens a bearish condition and opens 1.2500, the Dec 13 low. Initial firm resistance is at 1.2661, the 20-day EMA.
  • The USDJPY trend outlook is bullish following last week’s gains. Key resistance at 148.80, the Jan 19 high, has been cleared. This confirms a resumption of the uptrend that started late December and maintains the sequence of higher highs and higher lows. 149.16, 76.4% of the Nov 13 - Dec 28 bull leg, has also been breached. This opens 149.75 next, the Nov 22 high. Initial support lies at 147.57, the 20-day EMA.
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.