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USDCAD TECHS

Heading North

GLOBAL POLITICAL RISK

Modi, AMLO Top Major Economy Leader Poll, Macron Last

AUDUSD TECHS

Under Pressure

EURJPY TECHS

Trend Condition Remains Bearish

EURO-YEN TECHS
EURO-YEN TECHS: Below Y127.10 To Target 2018 Low
*RES 4: Y130.53 55-DMA
*RES 3: Y130.27 High June 7
*RES 2: Y129.78 Hourly support June 7 now resistance
*RES 1: Y129.26 Low June 7 now resistance
*PRICE: Y128.70 @ 2130GMT
*SUP 1: Y128.09 Low June 8 
*SUP 2: Y127.56 Low June 4 
*SUP 3: Y127.10 Low June 1 
*SUP 4: Y126.22 Hourly support May 30
*COMMENTARY: The recovery from 2018 lows is in trouble with the failure ahead of
the 55-DMA resulting in a sell-off and bearish close Friday. The Y127.10 support
is key this week with bears needing a close below Y127.10 to shift focus back to
2018 lows. O/B Daily studies add weight to the bearish case. Bulls now need a
close above Y129.26 to gain breathing room and return pressure to Y130.27-132.59
where key DMAs, WMAs and the daily bear channel top are situated.