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EURJPY TECHS

Breaches Key Short-Term Support

US TSYS

Late SOFR/Treasury Option Trade

USDJPY TECHS

Settles South of Y140

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Sights Set On The 145.90 Bull Trigger

USDJPY TECHS
  • RES 4: 146.52 1.236 proj of the May 24 - Jul 14 - Aug 2 price swing
  • RES 3: 146.03 2.764 proj of the Aug 2 - 8 - 11 price swing
  • RES 2: 145.90 High Sep 22
  • RES 1: 144.59 76.4% retracement of the Sep 22 range
  • PRICE: 143.11 @ 15:17 BST Sep 23
  • SUP 1: 141.90 20-day EMA
  • SUP 2: 140.36 Low Sep 22
  • SUP 3: 139.87 Low Sep 2
  • SUP 4: 139.03 50-day EMA

USDJPY traded in a volatile manner late last week. The pullback on Sep 22 resulted in a print below 141.90, the 20-day EMA. The trend structure remains bullish - for now - and recent weakness is considered corrective. A continuation higher would expose 145.90, the Sep 22 high and the next bull trigger. On the downside, key short-term support has been defined at 140.36, Sep 22 low. A break would highlight a short-term top in the trend.

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  • RES 4: 146.52 1.236 proj of the May 24 - Jul 14 - Aug 2 price swing
  • RES 3: 146.03 2.764 proj of the Aug 2 - 8 - 11 price swing
  • RES 2: 145.90 High Sep 22
  • RES 1: 144.59 76.4% retracement of the Sep 22 range
  • PRICE: 143.11 @ 15:17 BST Sep 23
  • SUP 1: 141.90 20-day EMA
  • SUP 2: 140.36 Low Sep 22
  • SUP 3: 139.87 Low Sep 2
  • SUP 4: 139.03 50-day EMA

USDJPY traded in a volatile manner late last week. The pullback on Sep 22 resulted in a print below 141.90, the 20-day EMA. The trend structure remains bullish - for now - and recent weakness is considered corrective. A continuation higher would expose 145.90, the Sep 22 high and the next bull trigger. On the downside, key short-term support has been defined at 140.36, Sep 22 low. A break would highlight a short-term top in the trend.