MNI BRIEF: China To Boost Environmental Equipment Industry

MNI BRIEF: China SME Index Highest Since June 2021

MNI China Press Digest March 12: FDI, Cars, Retail Sales

MNI: PBOC Net Drains CNY177.8 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1696 Weds; -0.47% Y/Y

MNI NBP WATCH: Rate Hold; Projections To Give Cut Timing Clue

MNI: JAPAN FEB CORP GOODS PRICE INDEX +4.0% Y/Y; JAN +4.2%

MNI: USDA: 2024/2025 CORN PRODUCTION EST 14.87B BSL

EZ/UK T-Bill Calendar: 12-Month BOT Auction on Wednesday

GERMANY: Union/SPD Migration Alignment After Turmoil Threatened Debt Deal (BILD)

GERMANY: Official Interim Election Results Tilt Towards Missing BSW & FDP

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

USDJPY TECHS: Trend Structure Remains Bullish

USDJPY TECHS
USForeign Exchange Technical AnalysisAPACJapanBulletMarketsForeign Exchange BulletsNorth America
  • RES 4: 159.45 High Jul 12  
  • RES 3: 159.26 0.618 proj of the Sep 16 - Nov 15 - Dec 3 price swing
  • RES 2: 158.08/87 High Jan 15 / 10 and the bull trigger 
  • RES 1: 156.82 50.0% retracement of the Jan 10 - 21 bear leg      
  • PRICE: 156.53 @ 06:50 GMT Jan 23
  • SUP 1: 155.08/154.78 50-day EMA / Low Jan 21
  • SUP 2: 154.64 Trendline support drawn from the Sep 16 ‘24 low
  • SUP 3: 153.16 Low Dec 17
  • SUP 4: 152.46 Low Dec 13   

The trend condition in USDJPYremains bullish and the latest pullback is considered corrective. Moving average studies are in a bull-mode position, highlighting a dominant uptrend. Support to watch is 155.08, the 50-day EMA, and 154.64, a trendline drawn from the Sep 16 ‘24 high. A clear breach of both levels would highlight a stronger reversal. Key resistance and the bull trigger is 158.87, the Jan 10 high.

150 words

To read the full story

Close

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.
  • RES 4: 159.45 High Jul 12  
  • RES 3: 159.26 0.618 proj of the Sep 16 - Nov 15 - Dec 3 price swing
  • RES 2: 158.08/87 High Jan 15 / 10 and the bull trigger 
  • RES 1: 156.82 50.0% retracement of the Jan 10 - 21 bear leg      
  • PRICE: 156.53 @ 06:50 GMT Jan 23
  • SUP 1: 155.08/154.78 50-day EMA / Low Jan 21
  • SUP 2: 154.64 Trendline support drawn from the Sep 16 ‘24 low
  • SUP 3: 153.16 Low Dec 17
  • SUP 4: 152.46 Low Dec 13   

The trend condition in USDJPYremains bullish and the latest pullback is considered corrective. Moving average studies are in a bull-mode position, highlighting a dominant uptrend. Support to watch is 155.08, the 50-day EMA, and 154.64, a trendline drawn from the Sep 16 ‘24 high. A clear breach of both levels would highlight a stronger reversal. Key resistance and the bull trigger is 158.87, the Jan 10 high.