USDJPY TECHS: Trend Condition Remains Overbought
May-01 18:30
- RES 4: 160.17/20 High Apr 29 / High Apr 1990
- RES 3: 159.55 2.618 proj of the Feb 1 - 13 - Mar 8 price swing
- RES 2: 158.97 2.50 proj of the Feb 1 - 13 - Mar 8 price swing
- RES 1: 158.44 HIgh Apr 26
- PRICE: 157.73 @ 16:20 BST May 1
- SUP 1: 154.58/54 20-day EMA / Low Apr 29
- SUP 2: 153.59 Low Apr 19
- SUP 3: 152.31 50-day EMA values
- SUP 4: 150.81 Low Apr 5
The USDJPY trend condition remains bullish. However, Monday’s volatile session highlights the start of a possible corrective cycle. An early rally Monday stopped short of resistance at 160.20, the Apr 1990 high. Note that the trend condition is overbought and a deeper retracement would allow the overbought set-up to unwind. Initial key support to watch lies at 154.58, the 20-day EMA. The 50-day EMA lies at 152.31.
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NY Federal Reserve
STIR: BLOCK, May'24 SOFR Put Sale
Apr-01 18:14
- -12,000 SFRK4 94.75 puts, 2.0 ref 94.83 at 1404:18ET
- Update to earlier put condor on screen:
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