BTP TECHS: (M5) Trend Needle Points North
May-29 06:06
* RES 4: 122.00 Round number resistance * RES 3: 121.93 76.4% of the Dec 5 '24 - Mar 14 bear leg (co...
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USDJPY TECHS: Resistance Remains Intact
Apr-29 06:02
- RES 4: 147.05 50-day EMA
- RES 3: 146.54 Low Mar 11
- RES 2: 144.24 20-day EMA
- RES 1: 144.03 High Apr 25
- PRICE: 142.46 @ 07:00 BST Apr 29
- SUP 1: 141.49 Low Apr 23
- SUP 2: 139.79 1.382 proj of the Feb 12 - Mar 11 - 28 price swing
- SUP 3: 138.82 1.500 proj of the Feb 12 - Mar 11 - 28 price swing
- SUP 4: 138.07 Low Jul 28 ‘23
The recovery that started Apr 22 in USDJPY is considered corrective. Resistance to watch is 144.24, the 20-day EMA. A clear break of this level would signal scope for a stronger recovery. Resistance at the 50-day EMA, is at 147.05. Moving average studies are in a bear-mode position highlighting a dominant downtrend. A resumption of the trend would open 139.79 next, a Fibonacci projection.
MNI: SWEDEN MAR RETAIL SALES +3.6% Y/Y
Apr-29 06:00
- MNI: SWEDEN MAR RETAIL SALES +3.6% Y/Y
MNI: SWEDEN FLASH Q1 GDP +1.1% Y/Y
Apr-29 06:00
- MNI: SWEDEN FLASH Q1 GDP +1.1% Y/Y
