| Technicals

Become a contributor

Bookmark Econotimes

| Technicals

FxWirePro: EUR/NZD neutral in the near-term, scope for downward resumption

FxWirePro: NZD/USD sustains gains as uptrend remains strong

FxWirePro: AUD/USD consolidates gains ,remains on positive footing

FxWirePro: USD/CAD outlook weaker on renewed downside pressure

EURGBP Buckles Under Sterling Surge – Bears Eye 0.8600 as 0.8800 Ceiling Holds Firm

FxWirePro: USD/ZAR outlook weaker on renewed downside pressure

FxWirePro: EUR/AUD set To for bigger drop, but close below key fibo needed

FxWirePro- Major Crypto levels and bias summary

GBPJPY Eyes 208: Pound Pulls Back, Bulls Guard 206

FxWirePro- Major Pair market sentiment (CCI-ADX-EMA) setup

FxWirePro: USD/CAD downside pressure builds, key support level in focus

FxWirePro- Major US Indices

FxWirePro- Woodies Pivot(Major)

NZDJPY Eyes Breakout: Buy the Dip as Bulls Guard 88.70

FxWirePro: USD/JPY dips below lower range, bearish bias increases

CAD/JPY Rockets on Blowout Canadian Jobs Surprise – Bulls Target 113-115 as BoC Cut Odds Collapse

Ethereum Holds Firm Above $3,100 Despite Dip – Fresh Breakout to $3,600+ Looming as Bulls Defend Key Support

©Econometrics LLC . All Rights Reserved.

USD/JPY breaks major support 123, targets 122.40/121.50

Thursday, June 18, 2015 11:04 AM UTC

RES 4: 124.15 (Jun 11^th high)
RES 4:123.68 (200 day HMA)
RES 3 : 123.32 (Jun 10^th high)
RES1: 122.82 (7 day H EMA)

PRICE: 122.65 @ 11:01 GMT

SUP 1 : 122.40 (Jun 10^th low)
SUP 2: 122
SUP 1 : 121.25 (61.8% retracement of 125.84 and 118.87)
SUP 2: 120.80

USD/JPY has retreated after making a high of 124.43. Short term trend is weak as long as resistance 123.70 holds.

The minor resistance are 123.30/123.80/124.15.

Overall reversal only above 124.55 (61.8% retracement of 125.84 and 122.45).

On the downside major support is around 122.35 and break below will drag the pair to next target 122.05/121.30.

It is good to sell on rallies around 123 with SL around 123.70 for the TP of 122/121.30.

Editor's Picks

Breathing through your nose when you exercise may make your runs easier

Entrepreneurs are facing a mental health crisis — here's how to help them

Are fish oil supplements as healthy as we think? And is eating fish better?

Will AI kill our creativity? It could – if we don’t start to value and protect the traits that make us human

Does AI have a right to free speech? Only if it supports our right to free thought

How can I lower my cholesterol? Do supplements work? How about psyllium or probiotics?

Why we need to set limits on sperm donation

Aging with a healthy brain: How lifestyle changes could help prevent up to 40% of dementia cases

Seven techniques to avoid weight regain, approved by experts

Market Data

Ethereum Holds Firm Above $3,100 Despite Dip – Fresh Breakout to $3,600+ Looming as Bulls Defend Key Support

Honduras Awaits Final Election Results as Asfura Holds Slim Lead Amid U.S. Attention

FxWirePro- Major Crypto levels and bias summary

Tom Lee’s $20,000 Ethereum Call: The Tokenization Supercycle That Will Make 2021 Look Tiny

Bitcoin Reserves Hit 5-Year Low as $2.15B Exits Exchanges – Bulls Quietly Loading the Spring Below $100K

FxWirePro: EUR/AUD force is with bears as pair hits low since June 11th

CFPB to Review Anti-Discrimination Policies and Fair Lending Rules Amid Policy Shift

FxWirePro: GBP/AUD downtrend extends ,eyes 23.6%fib support

Australia Imposes Sanctions on Taliban Officials Over Human Rights Abuses

EconoTimes

Disclaimer: EconoTimes provides references and links to selected blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the blogs or other sources of information. Clients and prospects are advised to carefully consider the opinions and analysis offered in the blogs or other information sources in the context of the client or prospect's individual analysis and decision making. None of the blogs or other sources of information is to be considered as constituting a track record. Past performance is no guarantee of future results and EconoTimes specifically advises clients and prospects to carefully review all claims and representations made by advisors, bloggers, money managers and system vendors before investing any funds or opening an account with any Brokerage. Any news, opinions, research, data, or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. EconoTimes expressly disclaims any liability for any lost principal or profits without limitation which may arise directly or indirectly from the use of or reliance on such information. As with all such advisory services, past results are never a guarantee of future results.

USD/JPY breaks major support 123, targets 122.40/121.50

Editor's Picks

Welcome to EconoTimes