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GOLD TECHS

Bear Flag Formation

BUNDS

Pushing towards the 2% Yield mark

BRENT TECHS

(X2) Outlook Remains Bearish

EQUITY TECHS

E-MINI S&P (Z2): Bear Trend Extends

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Bearish Price Action

EURJPY TECHS
  • RES 4: 140.07/24 High Jul 25 / Trendline drawn from the Jun 28 high
  • RES 3: 139.41 High Jul 28
  • RES 2: 138.22/ 50-day EMA / High Aug 10
  • RES 1: 137.50 20-day EMA
  • PRICE: 135.55 @ 06:44 BST Aug 16
  • SUP 1: 134.84 Low Aug 3
  • SUP 2: 133.40 Low Aug 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 started the week on a bearish note, extending the pullback from last Wednesday’s high of 138.40. The cross also remains below the 50-day EMA. The recovery from 133.40, Aug 2 low, is considered corrective. Moving average studies still highlight a downtrend and the 50-day EMA, at 138.22, marks a firm resistance. Attention on the 133.40 bear trigger. Clearance of resistance at the 50-day EMA would alter the picture.

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  • RES 4: 140.07/24 High Jul 25 / Trendline drawn from the Jun 28 high
  • RES 3: 139.41 High Jul 28
  • RES 2: 138.22/ 50-day EMA / High Aug 10
  • RES 1: 137.50 20-day EMA
  • PRICE: 135.55 @ 06:44 BST Aug 16
  • SUP 1: 134.84 Low Aug 3
  • SUP 2: 133.40 Low Aug 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 started the week on a bearish note, extending the pullback from last Wednesday’s high of 138.40. The cross also remains below the 50-day EMA. The recovery from 133.40, Aug 2 low, is considered corrective. Moving average studies still highlight a downtrend and the 50-day EMA, at 138.22, marks a firm resistance. Attention on the 133.40 bear trigger. Clearance of resistance at the 50-day EMA would alter the picture.