Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

USD/JPY breaks major support 118.60, taregets 117.40

  • RES 4:121.30 ( SEP 10TH HIGH)


  • RES 3: 120.56 (Oct 6th 2015)


  • RES 2: 120.00 (200 day HMA)


  • RES 1: 119.65 (7 day H EMA)

PRICE: 118.34 @10:36 GMT 

  • SUP 1: 118.50 (Sep 4th 2015)


  • SUP2 : 118


  • SUP3 : 117.40 (161.8% retracement of 11860 and 120.48)


  • SUP 4: 116.93 (161.8% retracement of 118.60 and 121.30)

USD/JPY breaks major support 118.60 which confirms major weakness , a decline till 116.20 cannot be ruled out .

On the higher major resistance is around 119.20 and break above targets 119.60/119.80.

Bearish invalidation only above 120.10 level.

It is good to sell on rallies around 118.45-50 with SL around 19.20 for the TP of 117/116.20

 

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.