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USDJPY TECHS: Resistance At The 50-Day EMA Remains Intact

USDJPY TECHS
  • RES 4: 158.87 High Jan 10 and a bull trigger   
  • RES 3: 156.75 High Jan 23 
  • RES 2: 155.89 High Feb 3 
  • RES 1: 154.44/80 50-day EMA and a pivot resistance / High Feb 12       
  • PRICE: 152.53 @ 07:04 GMT Feb 14
  • SUP 1: 152.38/150.93 Low Feb 12 / Low Feb 07
  • SUP 2: 149.69 Low Dec 9 
  • SUP 3: 148.65 Low Dec 3 ‘24 and a key support 
  • SUP 4: 148.01 Low Oct 9 ‘24     

USDJPY faced resistance Thursday. The latest move down highlights that - for now - resistance around the 50-day EMA, remains intact. The average is at 154.44. A clear break of the 50-day EMA is required to highlight a stronger bullish theme. This would open 155.89, the Feb 3 high. Key support and the bear trigger is unchanged at 150.93, the Feb 7 low. Clearance of this level would resume the bear cycle that started on Jan 10.

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  • RES 4: 158.87 High Jan 10 and a bull trigger   
  • RES 3: 156.75 High Jan 23 
  • RES 2: 155.89 High Feb 3 
  • RES 1: 154.44/80 50-day EMA and a pivot resistance / High Feb 12       
  • PRICE: 152.53 @ 07:04 GMT Feb 14
  • SUP 1: 152.38/150.93 Low Feb 12 / Low Feb 07
  • SUP 2: 149.69 Low Dec 9 
  • SUP 3: 148.65 Low Dec 3 ‘24 and a key support 
  • SUP 4: 148.01 Low Oct 9 ‘24     

USDJPY faced resistance Thursday. The latest move down highlights that - for now - resistance around the 50-day EMA, remains intact. The average is at 154.44. A clear break of the 50-day EMA is required to highlight a stronger bullish theme. This would open 155.89, the Feb 3 high. Key support and the bear trigger is unchanged at 150.93, the Feb 7 low. Clearance of this level would resume the bear cycle that started on Jan 10.