• 700 days Will The ECB Continue To Hike Rates?
  • 701 days Forbes: Aramco Remains Largest Company In The Middle East
  • 702 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,102 days Could Crypto Overtake Traditional Investment?
  • 1,107 days Americans Still Quitting Jobs At Record Pace
  • 1,109 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,112 days Is The Dollar Too Strong?
  • 1,112 days Big Tech Disappoints Investors on Earnings Calls
  • 1,113 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,115 days China Is Quietly Trying To Distance Itself From Russia
  • 1,115 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,119 days Crypto Investors Won Big In 2021
  • 1,119 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,120 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,122 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,123 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,126 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,127 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,127 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,129 days Are NFTs About To Take Over Gaming?
  1. Home
  2. Markets
  3. Other

USD/JPY: Persistent Selling Pressure

USD/JPY has broken the hourly support at 101.85, indicating persistent selling pressures. A support stands at 101.43. Resistances can be found at 102.36 and 103.02.

A long-term bullish bias is favoured as long as the key support 99.57 (19/11/2013 low) holds. Monitor the support area provided by the 200 day moving average (around 101.16) and the rising trendline from the 93.79 low (13/06/2013). 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