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USDJPY TECHS: Pierces Support At The 20-Day EMA

USDJPY TECHS
USForeign Exchange Technical AnalysisAPACJapanBulletMarketsForeign Exchange BulletsNorth America
  • RES 4: 158.68 2.50 proj of the Sep 16 - 27 - 30 price swing  
  • RES 3: 157.86 High Jul 19  
  • RES 2: 156.88 2.236 proj of the Sep 16 - 27 - 30 price swing  
  • RES 1: 155.89/156.75 High Nov 20 / 15 and the bull trigger 
  • PRICE: 154.01 @ 06:53 GMT Nov 26
  • SUP 1: 153.70/29 20-day EMA / Low Nov 19       
  • SUP 2: 151.50 50-day EMA 
  • SUP 3: 149.09 Low Oct 21
  • SUP 4: 147.35 Low Oct 8

The USDJPY trend condition is unchanged, it remains bullish and the latest short-term pullback is considered corrective. Support to watch is the 20-day EMA, at 153.70. It has been pierced, a clear break of it would signal scope for a deeper short-term corrective pullback and open 151.50, the 50-day EMA. Moving average studies are in a bull-mode position highlighting a dominant uptrend and sights are on 156.88 next, a Fibonacci projection.

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  • RES 4: 158.68 2.50 proj of the Sep 16 - 27 - 30 price swing  
  • RES 3: 157.86 High Jul 19  
  • RES 2: 156.88 2.236 proj of the Sep 16 - 27 - 30 price swing  
  • RES 1: 155.89/156.75 High Nov 20 / 15 and the bull trigger 
  • PRICE: 154.01 @ 06:53 GMT Nov 26
  • SUP 1: 153.70/29 20-day EMA / Low Nov 19       
  • SUP 2: 151.50 50-day EMA 
  • SUP 3: 149.09 Low Oct 21
  • SUP 4: 147.35 Low Oct 8

The USDJPY trend condition is unchanged, it remains bullish and the latest short-term pullback is considered corrective. Support to watch is the 20-day EMA, at 153.70. It has been pierced, a clear break of it would signal scope for a deeper short-term corrective pullback and open 151.50, the 50-day EMA. Moving average studies are in a bull-mode position highlighting a dominant uptrend and sights are on 156.88 next, a Fibonacci projection.