Trial now
BTP TECHS

(Z1) Erodes Support

BONDS

Off Lows

GILT TECHS

(Z1) Remains Heavy

INDIA

Indian Issuance Plan Looms

SCHATZ TECHS

(Z1) Trend Conditions Remains Bearish

Sign up now for free access to this content.

Please enter your details below and select your areas of interest.

  • RES 4: 132.43 High Jul 1
  • RES 3: 131.86 Jul 6 high
  • RES 2: 131.09/14 High Jul 13 / 50-day EMA
  • RES 1: 130.43 High Jul 14
  • PRICE: 130.06 @ 06:42 BST Jul 27
  • SUP 1: 128.60 Low Jul 20 and the bear trigger
  • SUP 2: 128.51 200-dma
  • SUP 3: 128.29 Low Mar 24 and key support
  • SUP 4: 127.88 38.2% retracement of the Oct '20 - Jun rally

The EURJPY trend condition remains bearish and recent gains are considered corrective. The focus is on the 200-dma at 128.54. A clear break of this average would reinforce the current bearish theme and signal scope for a continued depreciation. Note, momentum and moving average studies remain bearish. Potential is for a move to 127.88, 38.2% of the Oct '20 - Jun rally. 130.43, marks resistance.