Forex - Chart USD/JPY Update: Downside still limited, support at 117.36/05


Published at 00:37 (GMT) 27 Nov

   

Chart USD/JPY Update: Downside still limited, support at 117.36/05 (PAEC7701)

27 Nov USD/JPY Daily

Retains downside bias to the 117.44 low though this remains shy of the 117.36 support. Below this see more support at 117.05 and break needed to signal a top pattern and see stronger setback to correct the up-leg from 105.23, Oct low. Resistance now at 118.00/35 area. [PL]

R5:: 119.50 31 Jul 07 high R4: 118.98 * 20 Nov high
R3: 118.58 * 25 Nov high
R2: 118.30/35 intraday level
R1: 118.00 figure

S1: 117.36 * 21 Nov low
S2: 117.05 * 17, 18 Nov highs
S3: 116.34 18 Nov low
S4: 116.00 figure
S5: 115.46 * 17 Nov low

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