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DailyFX Home / Forex Technical Analysis

USDJPY Breakout Attempt from 6 Month Coil

By Jamie Saettele, CMT, Sr. Technical Strategist Fri May 22 17:29:00 GMT 2015

A USDJPY breakout from the 6 month coil would open up 123.16-124.13 (high close from June 2007 and 2007 high). A measured objective from the pattern yields 128.12.

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Forex Trading Support & Resistance

W - Weak | M - Moderate | S - Strong
Symbol Trend Volatility Technical Analysis / Chart
EUR/USD
S1: 1.1059s
S2: 1.0934w
S3: 1.0808m
R3: 1.1466s
R2: 1.1310w
R1: 1.1214w
76%
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USD/JPY
S1: 120.68s
S2: 119.96m
S3: 118.83s
R3: 123.04m
R2: 122.13s
R1: 121.41s
10%
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GBP/USD
S1: 1.5628w
S2: 1.5551s
S3: 1.5446m
R3: 1.5923m
R2: 1.5814s
R1: 1.5740w
25%
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USDOLLAR
S1: 11773m
S2: 11725m
S3: 11960s
R3: 11960s
R2: 11898s
R1: 11836m
75%
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USD/CHF
S1: 0.9258w
S2: 0.9186w
S3: 0.9113s
R3: 0.9560w
R2: 0.9490s
R1: 0.9373s
87%
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AUD/USD
S1: 0.7847w
S2: 0.7773m
S3: 0.7681m
R3: 0.8070m
R2: 0.8014s
R1: 0.7922w
39%
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USD/CAD
S1: 1.2137w
S2: 1.2044m
S3: 1.1946s
R3: 1.2487w
R2: 1.2379s
R1: 1.2271m
22%
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NZD/USD
S1: 0.7299m
S2: 0.7237s
S3: 0.7136m
R3: 0.7462m
R2: 0.7400m
R1: 0.7349m
50%
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EUR/GBP
S1: 0.7060s
S2: 0.7007s
S3: 0.6922m
R3: 0.7197m
R2: 0.7145s
R1: 0.7102w
33%
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EUR/JPY
S1: 134.38s
S2: 132.80m
S3: 131.52s
R3: 138.41m
R2: 136.95s
R1: 135.36w
76%
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GBP/JPY
S1: 188.27w
S2: 186.87m
S3: 185.74s
R3: 194.20m
R2: 192.80m
R1: 190.53s
25%
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USD/CNH
S1: 6.1860s
S2: 6.1730m
S3: 6.1599m
R3: 6.2574m
R2: 6.2435w
R1: 6.2341s
1%
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Fri, 22 May 2015 20:07:00 GMT

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