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EURJPY TECHS

Bearish Focus

USDJPY TECHS

Consolidating Below Resistance

EURGBP TECHS

Approaching Key Support

US TSYS

Hovering Just Off Monday's Late Cheaps

GBPUSD TECHS

Climbs Above The 20-Day EMA

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  • RES 4: $28.556 - High Jun 1
  • RES 3: $28.285 - High Jun 11 and a key resistance
  • RES 2: $27.831 - High Jun 16
  • RES 1: $26.495/27.245 - High Jun 18 / High Jun 17
  • PRICE: $26.123 @ 07:20 BST Jun 25
  • SUP 1: $25.554 - Low Jun 21
  • SUP 2: $25.199 - Low Apr 14
  • SUP 3: $24.955 - 76.4% retracement of the Mar 31 - May 18 rally
  • SUP 4: $24.686 - Low Apr 13
Silver remains weak following last week's sharp sell-off. The metal is consolidating at recent lows and this price action appears to be a bear flag, reinforcing current bearish conditions. The recent move lower resulted in a break of the 50-day EMA and price remains below the average. Attention is on $24.955 next, a Fibonacci retracement. Initial firm resistance is seen at $27.245, Jun 17 high.