FXMarketAlerts Team
FXMarketAlerts
Published at 13:05 (GMT) 26 Jan
13::05 GMT - USD/JPY failed to sustain the downside pressure noted in our prior Update. Back near the high of the day for now, but not quite ready for a solid upside breakout. The resistance zone at 118.79/87 is looking to be a tough area to break today, so we assume more whippy action within the range. Support at 117.28/18 for now. R.Z
R5: 121.84 * 08 Dec high
R4: 120 * break level
R3: 119 figure
R2: 118.87 * 20 Jan high, 30 Dec low
R1: 118.79 * 50-day MA
S1: 117.28 intraday low
S2: 117.18 * 21 Jan low
S3: 116.5 break level
S4: 115.86 * 16 Jan low
S5: 114.23 * 100-day MA
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