| USDJPY 08-03-10 |
USDJPY
USDJPY took off like an absolute rocket post-payrolls, blasting through the important 89.50 resistance level with ease, and ensuring buying interest has continued into the start of this week. The 100 day moving average coming in at 90.63 has however made any further progress sticky, and the high so far today of 90.68 was within 10 pips of the back side of our former uptrend channel from early February.
This trendline now comes in at 90.79 so expect sellers to come in again if we get close, but should the market manage to push above these technical headwinds around 90.70, there are clear skies above until 91.93 (200 day moving average) and 92.15 major resistance just beyond.
Supports on the downside are eyed at 89.95 and then again at the 89.50 resistance-turned-support.
USDJPY took off like an absolute rocket post-payrolls, blasting through the important 89.50 resistance level with ease, and ensuring buying interest has continued into the start of this week. The 100 day moving average coming in at 90.63 has however made any further progress sticky, and the high so far today of 90.68 was within 10 pips of the back side of our former uptrend channel from early February.
This trendline now comes in at 90.79 so expect sellers to come in again if we get close, but should the market manage to push above these technical headwinds around 90.70, there are clear skies above until 91.93 (200 day moving average) and 92.15 major resistance just beyond.
Supports on the downside are eyed at 89.95 and then again at the 89.50 resistance-turned-support.
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