• 659 days Will The ECB Continue To Hike Rates?
  • 659 days Forbes: Aramco Remains Largest Company In The Middle East
  • 661 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,061 days Could Crypto Overtake Traditional Investment?
  • 1,066 days Americans Still Quitting Jobs At Record Pace
  • 1,067 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,071 days Is The Dollar Too Strong?
  • 1,071 days Big Tech Disappoints Investors on Earnings Calls
  • 1,072 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,073 days China Is Quietly Trying To Distance Itself From Russia
  • 1,074 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,078 days Crypto Investors Won Big In 2021
  • 1,078 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,079 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,081 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,081 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,085 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,086 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,086 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,088 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…

How Millennials Are Reshaping Real Estate

How Millennials Are Reshaping Real Estate

The real estate market is…

Strong U.S. Dollar Weighs On Blue Chip Earnings

Strong U.S. Dollar Weighs On Blue Chip Earnings

Earnings season is well underway,…

  1. Home
  2. Markets
  3. Other

USD/JPY - Bearish Breakout

USD/JPY has declined and hourly support at 122.23 (16/11/2015 low) has been broken. Hourly resistance still lies at 123.76 (18/11/2015 high). Strong support can be found at 120.07 (28/10/2015 low). Expected to bounce back toward resistance at 123.76.

A long-term bullish bias is favored as long as the strong support at 115.57 (16/12/2014 low) holds. A gradual rise towards the major resistance at 135.15 (01/02/2002 high) is favored. A key support can be found at 116.18 (24/08/2015 low).

Daily Technical Report

 

Read the Report

Back to homepage

Leave a comment

Leave a comment