Free Trial

Bull Rally Intact


(F3) Support Remains Exposed


E-MINI S&P (Z2): Heading North


Bearish Threat Remains Present


EGB Supply W/C 14 Nov, 2022 (2/2)


(Z2) Watching Resistance

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Trades Through Resistance

  • RES 4: 111.30 High Mar 26, 2020
  • RES 3: 110.97 High Mar 31 and the bull trigger
  • RES 2: 110.55 High Apr 6
  • RES 1: 110.33 Intraday high
  • PRICE: 110.26 @ 06:30 BST Jun 4
  • SUP 1: 109.33 Low Jun 1
  • SUP 2: 108.56/34 Low May 25 / Low May 7 and key S/T support
  • SUP 3: 107.48 Low Apr 23 and the bear trigger
  • SUP 4: 106.97 Low Mar 4

USDJPY rallied Thursday and traded above initial resistance at 110.20, May 28 high. This confirms a resumption of the bull cycle that started Apr 23 and opens the year's high print of 110.97 from Mar 31. A break of 110.97 would represent an important technical break and resume the broader USDJPY uptrend. Moving average studies are in a bull mode reinforcing current conditions. Key short-term support has been defined at 109.33, Jun 1 low.

To read the full story

Why Subscribe to

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.