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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.
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Free AccessWatching The Key Support Zone
- RES 4: 141.47 1.382 proj of the Jun 16 - 22 - 23 price swing
- RES 3: 140.71 1.236 proj of the Jun 16 - 22 - 23 price swing
- RES 2: 140.00 Psychological round number
- RES 1: 137.96/39.39 High Jul 22 / 14 and the bull trigger
- PRICE: 136.97 @ 08:32 BST Jul 27
- SUP 1: 135.57 Low Jul 14
- SUP 2: 135.30 Bull channel base drawn from the Mar 4 low
- SUP 3: 134.27 Low Jun 23 and a key support
- SUP 4: 132.17 Low Jun 17
USDJPY is unchanged and still trading closer to its recent lows and at levels around the 20-day EMA that intersects at 136.70. The recent move lower is considered corrective and attention is on two key support levels; 135.30, the base of a bull channel drawn from the Mar 4 low and 134.27, the Jun 23 low. A break of this support zone would signal scope for stronger reversal. The primary uptrend is intact, 139.39, the Jul 14 high, is the bull trigger.
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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.