• 610 days Will The ECB Continue To Hike Rates?
  • 610 days Forbes: Aramco Remains Largest Company In The Middle East
  • 612 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,011 days Could Crypto Overtake Traditional Investment?
  • 1,016 days Americans Still Quitting Jobs At Record Pace
  • 1,018 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,021 days Is The Dollar Too Strong?
  • 1,021 days Big Tech Disappoints Investors on Earnings Calls
  • 1,022 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,024 days China Is Quietly Trying To Distance Itself From Russia
  • 1,024 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,028 days Crypto Investors Won Big In 2021
  • 1,028 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,029 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,032 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,032 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,035 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,036 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,036 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,038 days Are NFTs About To Take Over Gaming?
Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

Billionaires Are Pushing Art To New Limits

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

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: The Resistance at 102.70 Continues to Hold

USD/JPY has failed again to break the key resistance at 102.70 (11/02/2014 high). However, the current succession of higher lows favours a short-term bullish bias. Hourly supports stand at 101.67 (20/02/2014 low, see also the rising trendline) and 101.39. Another key resistance stands at 103.44.

A long-term bullish bias is favoured as long as the key support area given by the 200 day moving average (around 100.21) and 99.57 (see also the rising trendline from the 93.79 low (13/06/2013)) holds. A major resistance stands at 110.66 (15/08/2008 high).

Daily Technical Report

 

Read the Report

Back to homepage

Leave a comment

Leave a comment