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Through 110.80

USDJPY TECHS
  • RES 4: 112.23 High Feb 20, 2020
  • RES 3: 111.71 High Mar 24
  • RES 2: 111.66 High Jul 2 and a bull trigger
  • RES 1: 111.19 High Jul 5
  • PRICE: 110.96 @ 16:14 BST Sep 27
  • SUP 1: 110.45 High Sep 8
  • SUP 2: 109.89/11 50-day EMA / Low Aug 16 / Sep 15
  • SUP 3: 108.72 Low Aug 04 and the bear trigger
  • SUP 4: 108.56 Low May 25

USDJPY continues to strengthen and has pressed through 110.80 resistance Monday, Aug 11 high. The break of this hurdle strengthens a bullish case and paves the way for a climb towards 111.66, Jul 2 high and bull trigger. Clearance of 111.66 would confirm a resumption of the current broader bull cycle that started Jan 6. Key short-term support is unchanged at 109.11, Aug 16 / Sep 15 low. Initial firm support is at 109.89, the 50-day EMA.

MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsForeign Exchange Bullets
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsForeign Exchange Bullets

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