• 772 days Will The ECB Continue To Hike Rates?
  • 773 days Forbes: Aramco Remains Largest Company In The Middle East
  • 774 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,174 days Could Crypto Overtake Traditional Investment?
  • 1,179 days Americans Still Quitting Jobs At Record Pace
  • 1,181 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,184 days Is The Dollar Too Strong?
  • 1,184 days Big Tech Disappoints Investors on Earnings Calls
  • 1,185 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,187 days China Is Quietly Trying To Distance Itself From Russia
  • 1,187 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,191 days Crypto Investors Won Big In 2021
  • 1,191 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,192 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,194 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,195 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,198 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,199 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,199 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,201 days Are NFTs About To Take Over Gaming?
Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

  1. Home
  2. Markets
  3. Other

USD/JPY - Rushing Towards The Major Resistance at 110.66

USD/JPY continues its steep advance and is now close to the major resistance at 110.66. Given the overextended rise, the odds to see a short-term correction are increasing. Hourly supports can be found at 108.37 (intraday low) and 107.39 (12/09/2014 high).

A long-term bullish bias is favoured as long as the key support 100.76 (04/02/2014 low) holds. The recent new highs confirm a strong underlying bullish trend. Despite a likely pause near the major resistance at 110.66 (15/08/2008 high), an eventual break to the upside is favoured. Another resistance can be found at 114.66 (27/12/2007 high).

Daily Technical Report

 

Read the Report

Back to homepage

Leave a comment

Leave a comment