Published at 00:31 (GMT) 26 Aug
26 Aug USD/JPY Daily
Faltered at the 104.49 high and setback seen unwinding strong upmove last week. Bounce from the 103.86 low to regain the 104.00 level see resistance now at 104.19 then the 104.49 high. While the latter caps risk is seen for stronger correction, lower see more support at 103.50 then the 103.09/00 area. [P.L]
R5:: 105.05 * trendline from Aug 98 R4: 104.84/92 * 23, 16 Jan highs
R3: 104.65/70 congestion
R2: 104.49 25 Aug high
R1: 104.19 22 Aug high
S1: 103.86 25 Aug low
S2: 103.50 * 22 Aug low
S3: 103.09/00 * 30 Jul high, figure
S4: 102.72 15 Aug high
S5: 102.45 200-day MA
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