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US TSY FUTURES

BLOCKS, Late 2Y, 30Y Sales

USDCAD TECHS

Bullish Trend Conditions

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Bearish Outlook

EURJPY TECHS
  • RES 4: 140.48 Trendline drawn from the Jun 28 high
  • RES 3: 140.07 High Jul 25
  • RES 2: 139.41 High Jul 28
  • RES 1: 138.40 50-day EMA and high Aug 10
  • PRICE: 137.36 @ 06:49 BST Aug 12
  • SUP 1: 135.81 Low Aug 5
  • SUP 2: 134.84/133.40 Low Aug 3 / 2 and a bear trigger
  • SUP 3: 132.66 Low May 12 and a key support
  • SUP 4: 131.99 61.8% retracement of the Mar 7 - Jun 28 bull leg

EURJPY Remains below Wednesday’s high of 138.40 and below the 50-day EMA. The recovery from 133.40, Aug 2 low, is likely a correction. Moving average studies continue to highlight a downtrend and the 50-day EMA, at 138.40, is a firm resistance. A reversal lower would refocus attention on the 133.40 bear trigger. Clearance of the 50-day EMA would instead suggest scope for a stronger recovery.

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  • RES 4: 140.48 Trendline drawn from the Jun 28 high
  • RES 3: 140.07 High Jul 25
  • RES 2: 139.41 High Jul 28
  • RES 1: 138.40 50-day EMA and high Aug 10
  • PRICE: 137.36 @ 06:49 BST Aug 12
  • SUP 1: 135.81 Low Aug 5
  • SUP 2: 134.84/133.40 Low Aug 3 / 2 and a bear trigger
  • SUP 3: 132.66 Low May 12 and a key support
  • SUP 4: 131.99 61.8% retracement of the Mar 7 - Jun 28 bull leg

EURJPY Remains below Wednesday’s high of 138.40 and below the 50-day EMA. The recovery from 133.40, Aug 2 low, is likely a correction. Moving average studies continue to highlight a downtrend and the 50-day EMA, at 138.40, is a firm resistance. A reversal lower would refocus attention on the 133.40 bear trigger. Clearance of the 50-day EMA would instead suggest scope for a stronger recovery.