Advertisement
New Zealand markets closed
  • NZX 50

    12,105.29
    +94.63 (+0.79%)
     
  • NZD/USD

    0.5977
    -0.0029 (-0.48%)
     
  • NZD/EUR

    0.5535
    -0.0008 (-0.14%)
     
  • ALL ORDS

    8,153.70
    +80.10 (+0.99%)
     
  • ASX 200

    7,896.90
    +77.30 (+0.99%)
     
  • OIL

    83.11
    -0.06 (-0.07%)
     
  • GOLD

    2,254.80
    +16.40 (+0.73%)
     
  • NASDAQ

    18,254.69
    -26.15 (-0.14%)
     
  • FTSE

    7,952.62
    +20.64 (+0.26%)
     
  • Dow Jones

    39,807.37
    +47.29 (+0.12%)
     
  • DAX

    18,492.49
    +15.40 (+0.08%)
     
  • Hang Seng

    16,541.42
    +148.58 (+0.91%)
     
  • NIKKEI 225

    40,168.07
    -594.66 (-1.46%)
     
  • NZD/JPY

    90.4310
    -0.3490 (-0.38%)
     

Technical Update For USD/JPY, EUR/JPY & CHF/JPY: 15.02.2018

USD/JPY

Having breached 107.00 and the 106.70 support-marks, the USDJPY seems all set to test an upward slanting trend-line support on the weekly chart, which stays around 106.00 now; however, its further south-run can be restricting by a downward slanting TL support of 105.50, which if broken could enable Bears to demand 104.20 and the 102.80 numbers. Meanwhile, an upside break of 106.70 and the 107.00 could trigger the pair’s recovery in direction to 108.00, the 108.50 and then to the 108.80 resistances. Should prices manage to rise beyond 108.80, the 109.50 and the 110.20 may please the buyers.

EUR/JPY

Even if 100-day SMA has been confining the EURJPY’s near-term advances since almost a week, the pair repeatedly fails to provide a daily closing below six-month old ascending trend-line support, at 133.00 now. If the pair conquers the 133.00 on D1 basis, the 132.00, the 131.60 and the 200-day SMA level of 130.85 are likely consecutive rests that it can avail ahead of revisiting the 130.00 round-figure. Alternatively, a daily close beyond 100-day SMA, the 133.60, could propel the pair towards 134.00, the 134.50 and 135.00 resistances. During the pair’s extended northward trajectory above 135.00, the 135.50 and the 136.30 may appear in the Bulls’ radars to target.

CHF/JPY

CHFJPY’s bounce from two-month old upward slanting trend-line presently struggles with a descending TL that’s been stretched since early-month and is near to 115.05. Given the pair’s ability to surpass 115.05, it can rise to 115.50, the 115.80 and to the 116.20 adjacent resistances. Moreover, pair’s sustained trading above 116.20 can help it challenge the 117.00 and the 117.40 resistance-levels. On the downside, the 114.50 may act as immediate support for the pair before the aforementioned TL support mark of 114.25 comes into play. Should the quote declines further beneath 114.25, the 113.80, the 113.40 and the 113.25 might entertain the sellers.

ADVERTISEMENT

Cheers and Safe Trading,
Anil Panchal

This article was originally posted on FX Empire

More From FXEMPIRE: