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COPPER TECHS

(Z2) Clears Key Resistance

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USDSEK test 10.40

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Sights Still 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: 144.79 High Sep 26
  • PRICE: 144.48 @ 06:41 BST Sep 27
  • SUP 1: 142.17 20-day EMA
  • SUP 2: 140.36 Low Sep 22 and key short-term support
  • SUP 3: 139.87 Low Sep 2
  • SUP 4: 139.25 50-day EMA

The pullback on Sep 22 in USDJPY resulted in a print below the 20-day EMA, currently at 142.17. The trend structure remains bullish 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 of this level 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: 144.79 High Sep 26
  • PRICE: 144.48 @ 06:41 BST Sep 27
  • SUP 1: 142.17 20-day EMA
  • SUP 2: 140.36 Low Sep 22 and key short-term support
  • SUP 3: 139.87 Low Sep 2
  • SUP 4: 139.25 50-day EMA

The pullback on Sep 22 in USDJPY resulted in a print below the 20-day EMA, currently at 142.17. The trend structure remains bullish 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 of this level would highlight a short-term top in the trend.