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USDJPY TECHS
Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsForeign Exchange News
  • RES 4: 137.91 High Mar 8 and the bull trigger
  • RES 3: 136.99 High NMar 10
  • RES 2: 134.95 20-day EMA
  • RES 1: 134.22 50-day EMA
  • PRICE: 133.65 @ 06:09 GMT Mar 14
  • SUP 1: 132.29 Low Mar 13
  • SUP 2: 131.31 61.8% retracement of the Jan 18 - Mar 8 rally
  • SUP 3: 129.81 Low Feb 10
  • SUP 4: 128.09 Low Feb 2

Last Friday’s move lower in USDJPY and Monday’s bearish extension, highlights potential for a deeper corrective pullback. The pair has traded below support at 134.22, the 50-day EMA. The clear break of this average strengthens a short-term bearish threat and exposes 131.31, a Fibonacci retracement point. On the upside, the bull trigger and key resistance has been defined at 137.91, the Mar 8 high.

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  • RES 4: 137.91 High Mar 8 and the bull trigger
  • RES 3: 136.99 High NMar 10
  • RES 2: 134.95 20-day EMA
  • RES 1: 134.22 50-day EMA
  • PRICE: 133.65 @ 06:09 GMT Mar 14
  • SUP 1: 132.29 Low Mar 13
  • SUP 2: 131.31 61.8% retracement of the Jan 18 - Mar 8 rally
  • SUP 3: 129.81 Low Feb 10
  • SUP 4: 128.09 Low Feb 2

Last Friday’s move lower in USDJPY and Monday’s bearish extension, highlights potential for a deeper corrective pullback. The pair has traded below support at 134.22, the 50-day EMA. The clear break of this average strengthens a short-term bearish threat and exposes 131.31, a Fibonacci retracement point. On the upside, the bull trigger and key resistance has been defined at 137.91, the Mar 8 high.