February 14, 2025 07:05 GMT
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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