Free Trial

Upside Focus *RES 4: 110.50........>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Upside Focus
*RES 4: 110.50 1.000 projection Aug 26 - Sep 18 rally from Oct 3 low
*RES 3: 109.93 High May 30
*RES 2: 109.49 High Nov 7 and bull trigger
*RES 1: 109.21 High Nov 26
*PRICE: 109.13 @ 10:37 GMT Nov 27
*SUP 1: 108.64 Low Nov 25
*SUP 2: 108.24 Low Nov 14 and key support
*SUP 3: 107.89 Low Nov 1
*SUP 4: 107.57 38.2% retracement of the Aug 26 - Nov 7 rally
USDJPY started the week on a firmer note and traded higher yesterday to breach
resistance at 109.07, Nov 18 high and a near-term directional trigger. The
short-term outlook is bullish following recent gains with the focus on
resistance at 109.49, Nov 7 high. Clearance of this level would confirm a
resumption of the uptrend that has been in place since Aug 26. 108.24 is key
support. Initial support though is at 108.64, Nov 25 low.

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.