SILVER TECHS: Holding On To Its Latest Gains

RES 4: 154.80 High Dec 12 ‘24 and a key resistance     

• RES 3: 152.70 50.0% retracement of the Jan 10 - Mar 11 bear leg  
• RES 2: 151.30 High Mar 3  
• RES 1: 150.96 50-day EMA and a key short-term resistance  
• PRICE: 150.45 @ 06:59 GMT Mar 26 
• SUP 1: 148.18/146.54 Low Mar 20 / 11 and the bear trigger   
• SUP 2: 147.57 1.0% 10-dma envelope
• SUP 3: 145.00 Round number support 
• SUP 4: 144.13 76.4% retracement of the 16 ‘24 - Jan 10 bull leg 

USDJPY continues to trade closer to its recent highs. The primary trend direction is down and recent gains are considered corrective. Resistance to watch is 150.96, the 50-day EMA. A clear break of this EMA would signal scope for a stronger rally. For bears, a resumption of weakness would refocus sights on key support and the bear trigger at 146.54, the Mar 11 low. Clearance of this level would resume the downtrend. 

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