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Uptrend Remains Intact

USDJPY TECHS
Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsForeign Exchange News
  • RES 4: 148.85 High Oct 31 2022
  • RES 3: 148.60 2.236 projection of the Jul 14 - 21 - 28 price swing
  • RES 2: 148.40 High Nov 4 2022
  • RES 1: 147.87 High Sep 7
  • PRICE: 147.21 @ 06:37 BST Sep 08
  • SUP 1: 145.88 20-day EMA
  • SUP 2: 144.45 Low Sep 1 and key support
  • SUP 3: 143.92 50-day EMA
  • SUP 4: 142.41 Low Aug 8

The USDJPY trend condition remains bullish and the latest pullback is considered corrective. Resistance at 147.37, the Aug 29 high and a bull trigger, has been cleared this week, confirming a resumption of the uptrend. This opens 148.40 next, the Nov 4 2022 high. On the downside, 144.45 represents the key short-term support, the Sep 1 low. A break of this level would highlight a short-term top and signal scope for a deeper correction.

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  • RES 4: 148.85 High Oct 31 2022
  • RES 3: 148.60 2.236 projection of the Jul 14 - 21 - 28 price swing
  • RES 2: 148.40 High Nov 4 2022
  • RES 1: 147.87 High Sep 7
  • PRICE: 147.21 @ 06:37 BST Sep 08
  • SUP 1: 145.88 20-day EMA
  • SUP 2: 144.45 Low Sep 1 and key support
  • SUP 3: 143.92 50-day EMA
  • SUP 4: 142.41 Low Aug 8

The USDJPY trend condition remains bullish and the latest pullback is considered corrective. Resistance at 147.37, the Aug 29 high and a bull trigger, has been cleared this week, confirming a resumption of the uptrend. This opens 148.40 next, the Nov 4 2022 high. On the downside, 144.45 represents the key short-term support, the Sep 1 low. A break of this level would highlight a short-term top and signal scope for a deeper correction.