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Held the rising support at 1.4430 last week, but still a heavy tone below 1.4580 level today. Looking at the chart in a longer term view the absolute key rising support is now coming in at 1.4290, which must hold to keep alive the prospects for higher levels. Focus is on ECB interest rate announcement and press conference today.
Support: 1.4430 (rising sup), 1.4360, 1.4290 (key swing level)
Resistance: 1.4527 (100 day), 1.4650, 1.4750, 1.4970 (key level) and 1.5000 (key level)
240 min â€“ Support at 1.4400 and falling resistance at 1.4898.
Took out intermediate falling resistance yesterday when it broke above 1.9460. Have more resistance at 1.9540 (falling resistance from Nov highs) where we are trading at this very morning and a break above this level opens for a run toward 1.9640 resistance. Key support remains the yearly low at 1.9336 and a break of this level would open for a test of 1.90 near term.
Support: 1.9385, 1.9337 (key Jan low), 1.9310
Resistance: 1.9540 (falling res), 1.9640, 1.9960, 2.0000, 2.0170 (Key level)
120 min â€“ Falling resistance now at 1.9797 and support at 1.9400.
Key resistance is now 1.1120 and falling resistance at 1.1094, so basically any rally towards that level looks like a solid shorting opportunity. To the downside 1.0930 is key support now.
Support: 1.0930, 1.0850, 1.0730 (key low)
Resistance: 1.1120, 1.1205(former support level), 1.1350(former support), 1.1456 and 1.1554 (key falling resistance from Jul 07 highs)
The key levels to watch remains; 107.92 resistance and 105.70 support and need to break out of this range to provide further direction. Watch stocks for further direction in USDJPY as any recovery in the stock market will see the USDJPY go higher and a break of 108.10 is bullish.
Support: 105.70 (key level), 104.95
Resistance: 107.92 (key level), 110.00, 110.70, 112.80 (key level) 114.60 (key level), 114.73 (reaction high 11/7-07)
The levels to keep an eye on today are 157.06 (falling resistance) and 154.30 support and break of either point should provide at least a 50 pips extension. Note Also have former support (now resistance) at 158.80 today.
Support: 154.95, 152.97 (long term rising trend line)
Resistance: 157.60 (falling res), 158.80 (former sup), 159.25 (key level), 160.31 (former support line, now resistance)
Trading inside an apex and the resistance is at 1.0065 and support at 0.9920. It basically need to break out of this formation to trigger any bigger move at this stage.
Support: 0.9920, 0.9830 (key level), 0.9703 (1 month low)
Resistance: 1.0065, 1.0380 (key level, overhead res), 1.0400(former key support.)
Bullish outlook above 0.7400 support today.
Support: 0.7430, 0.7400, 7350, 0.7302 (rising support)
Resistance: 0.7490, 0.7540 (break down level 16 Jan), 0.7612 (all time high)
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