ThinkForex - Analytics

    ThinkForex

    459.75 5.25/10
    80% of positive reviews
    Real

    Nikkei and USDJPY hesitant to break lower

    A technical look at the relationship between these markets suggests USDJPY may not be ready to break lower just yet, if at all. 
     

     

     

    Resistance 3:   1.0882 Monthly R1, 200eMA, 50%
    Resistance 2:   109.14 38.2% retracement
    Resistance 1:   108.16 Weekly pivot, 12/05 low
    SPOT   107.09  
    Support 1:   107 Round number, monthly S1
    Support 2:   106.34 06/06, prior support
    Support 3:   105.5 03/05 low, inverted H&S target from the 125 high

     


    To leave a comment you must or Join us


    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree