• 256 days Will The ECB Continue To Hike Rates?
  • 257 days Forbes: Aramco Remains Largest Company In The Middle East
  • 258 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 658 days Could Crypto Overtake Traditional Investment?
  • 663 days Americans Still Quitting Jobs At Record Pace
  • 665 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 668 days Is The Dollar Too Strong?
  • 668 days Big Tech Disappoints Investors on Earnings Calls
  • 669 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 671 days China Is Quietly Trying To Distance Itself From Russia
  • 671 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 675 days Crypto Investors Won Big In 2021
  • 675 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 676 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 678 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 679 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 682 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 683 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 683 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 685 days Are NFTs About To Take Over Gaming?
What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

  1. Home
  2. Markets
  3. Other

USD/JPY - Sharp Decline

USD/JPY selling pressure continues. Short-term technical structure suggests a stronger downside momentum. Hourly support at 120.07 (28/10/2015 low) has been broken. Hourly resistance lies at 123.76 (18/11/2015 high). Expected to further decline towards hourly support at 118.07 (15/10/2015 low).

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