• 742 days Will The ECB Continue To Hike Rates?
  • 743 days Forbes: Aramco Remains Largest Company In The Middle East
  • 744 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,144 days Could Crypto Overtake Traditional Investment?
  • 1,149 days Americans Still Quitting Jobs At Record Pace
  • 1,151 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,154 days Is The Dollar Too Strong?
  • 1,154 days Big Tech Disappoints Investors on Earnings Calls
  • 1,155 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,157 days China Is Quietly Trying To Distance Itself From Russia
  • 1,157 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,161 days Crypto Investors Won Big In 2021
  • 1,161 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,162 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,164 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,165 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,168 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,169 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,169 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,171 days Are NFTs About To Take Over Gaming?
Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

The Problem With Modern Monetary Theory

The Problem With Modern Monetary Theory

Modern monetary theory has been…

  1. Home
  2. Markets
  3. Other

USD/JPY: Making New Highs

USD/JPY has broken the key resistance level at 103.74 (22/05/2013 high). The short-term technical structure remains positive as long as the support at 102.50 (17/12/2013 low) holds. An initial support stands at 103.78 (19/12/2013 low).

In the longer term, the move above the key resistance at 103.74 favours a continuation of the longer term bullish trend. Other resistances can be found at 105.50 (61.8% retracement of the decline that started in June 2007) and 110.66 (15/08/2008 high). A key support now lies at 99.57 (19/11/2013 low, see also the 200 day moving average).

Daily Technical Report

 

Read the Report

Back to homepage

Leave a comment

Leave a comment