ThinkMarkets - Analytics


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    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


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