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USDCAD TECHS

Takes Out 20-, 50-Day EMAs

US TSYS

Weak Global PMIs

AUDUSD TECHS

Pierces 50-Day EMA

US TSYS

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Approaching Bull Trigger

EURJPY TECHS
  • RES 4: 146.74 High Dec 30, 2014
  • RES 3: 145.00/58 Round number resistance / High Dec 31 2014
  • RES 2: 144.58 0.764 proj of Mar 7 - 28 - Apr 5 swing
  • RES 1: 144.25 High Jun 8 and the bull trigger
  • PRICE: 143.66 @ 15:45 BST Jun 21
  • SUP 1: 139.87 20-day EMA
  • SUP 2: 137.85/82 Low Jun 16 / 50-day EMA and key support
  • SUP 3: 136.25 Low May 30
  • SUP 4: 134.99 Low May 25

EURJPY traded higher Tuesday, as the cross extends the recovery from last week’s low of 137.85 (Jun 16 low). Attention turns to the bull trigger at 144.25, Jun 8 high, where a break would confirm a resumption of the primary uptrend and open the 145.00 handle. Moving average studies remain in bull mode, clearly highlighting current bullish sentiment. Key pivot support has been defined at 137.85, Jun 16 low.

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  • RES 4: 146.74 High Dec 30, 2014
  • RES 3: 145.00/58 Round number resistance / High Dec 31 2014
  • RES 2: 144.58 0.764 proj of Mar 7 - 28 - Apr 5 swing
  • RES 1: 144.25 High Jun 8 and the bull trigger
  • PRICE: 143.66 @ 15:45 BST Jun 21
  • SUP 1: 139.87 20-day EMA
  • SUP 2: 137.85/82 Low Jun 16 / 50-day EMA and key support
  • SUP 3: 136.25 Low May 30
  • SUP 4: 134.99 Low May 25

EURJPY traded higher Tuesday, as the cross extends the recovery from last week’s low of 137.85 (Jun 16 low). Attention turns to the bull trigger at 144.25, Jun 8 high, where a break would confirm a resumption of the primary uptrend and open the 145.00 handle. Moving average studies remain in bull mode, clearly highlighting current bullish sentiment. Key pivot support has been defined at 137.85, Jun 16 low.