Free Trial
USDCAD TECHS

Impulsive Rally Extends

US TSYS

Late Eurodollar/SOFR/Treasury Option Roundup

EURJPY TECHS

Price Is Below The 50-Day EMA

US

Late Corporate Credit Update

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Watching The Key Support Zone

USDJPY TECHS
  • 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: 137.14 @ 16:21 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 traded slightly higher into the close, but is still trading closer to 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.

170 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.
  • 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: 137.14 @ 16:21 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 traded slightly higher into the close, but is still trading closer to 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.