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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
USDJPY TECHS
- RES 4: 128.15 High May 17 2002
- RES 3: 127.71 3.764 proj of the Dec 3 ‘21 - Jan 4 -24 price swing
- RES 2: 127.16 3.618 proj of the Dec 3 ‘21 - Jan 4 -24 price swing
- RES 1: 126.32/71 High Apr 13 / 3.50 proj of Dec 3 ‘21-Jan 4-24 swing
- PRICE: 125.32 @ 06:38 BST Apr 14
- SUP 1: 124.77/123.47 Low Apr 12 / Low Apr 6 and 7
- SUP 2: 122.56 20-day EMA
- SUP 3: 121.28 Low Mar 31 and a bear trigger
- SUP 4: 120.00 Round number support
USDJPY maintains a firmer tone having resumed its uptrend Wednesday and traded to a fresh cycle high. The break higher reinforces underlying bullish conditions and signals potential for a continuation of the uptrend near-term, with potential for a climb to 126.71, a Fibonacci projection. The trend condition is overbought, however despite this, sentiment remains firmly in the bull camp. Key trend support has been defined at 121.28, the Mar 31 low.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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