MNI BRIEF: PBOC To Add Forex Reserves Allocation In HK - Pan

MNI BRIEF: China 2024 Oil Imports Down 1.9%

MNI: PBOC Sets Yuan Parity Lower At 7.1885 Mon; -2.21% Y/Y

CHINA DEC EXPORTS +10.7% Y/Y VS MEDIAN +7.4% Y/Y: CUSTOMS

MNI BRIEF: PBOC To Raise Key Parameter For Shoring Up Yuan

MNI: PBOC Net Injects CNY10.7 Bln via OMO Monday

MNI BRIEF: China 2024 Exports Grow 5.9% Y/Y

CHINA 2024 EXPORTS +7.1% IN YUAN TERM: CUSTOMS

USDA: CORN STOCKS 12,074M BSL ON JAN 1

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

USDJPY TECHS: Trades Through 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: 153.57 @ 16:44 GMT Nov 26
  • SUP 1: 152.99 Low Nov 26       
  • 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. However, support at the 20-day EMA, at 153.70, has been pierced. A clear break of it would signal scope for a deeper short-term corrective pullback and this would open 151.50, the 50-day EMA. Moving average studies are in a bull-mode position highlighting a dominant uptrend. The bull trigger is at 156.75, the Nov 15 high.  

147 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: 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: 153.57 @ 16:44 GMT Nov 26
  • SUP 1: 152.99 Low Nov 26       
  • 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. However, support at the 20-day EMA, at 153.70, has been pierced. A clear break of it would signal scope for a deeper short-term corrective pullback and this would open 151.50, the 50-day EMA. Moving average studies are in a bull-mode position highlighting a dominant uptrend. The bull trigger is at 156.75, the Nov 15 high.