Trial now
GOLD TECHS

Approaching The Base Of The Bull Channel

WTI TECHS

(F2) Bounces Off Yesterday’s Low

MARKET INSIGHT

What to watch

BRENT TECHS

(G2) Strong Rebound From Yesterday’s Low

Upside Break On The Cards *RES.....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Upside Break On The Cards
*RES 3: 109.32/37 High Aug 1 / 61.8% retracement Apr 24 - Aug 26 decline
*RES 2: 109.06 200-DMA
*RES 1: 109.04 High Oct 28
*PRICE: 109.01 @ 16:24 GMT Oct 28
*SUP 1: 108.16 Low Oct 16
*SUP 2: 107.85 Low Oct 11
*SUP 3: 107.63 Trendline support drawn off Aug 26 low
USDJPY consolidation is seen as a pause in the uptrend with the outlook still
bullish. The recent consolidation appears to have taken on the shape of a bull
flag, reinforcing the bullish theme and the likelihood of higher prices
near-term. The focus is on a test of the 200-DMA at 109.06 where a clear break
would open 109.32, Aug 1 high and 109.93, May 30 high. The initial trigger for
gains was at 108.94, which the pair cracked Monday. Trendline support drawn off
the Aug 26 low is at 107.63.