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BRENT TECHS

(N1) Price Structure Remains Bullish

USDCAD TECHS

Tests Major Support - The 2017 Low!

AUDUSD TECHS

New Weekly Lows

EURJPY TECHS

Needle Still Points North

GILT TECHS

(M1) Key Support Zone Exposed

Challenging Last Week’s Highs

EURO-YEN TECHS
  • RES 4: 127.32/126.81 2.0% 10-dma envelope / High Apr 17, 2019
  • RES 3: 125.97 50% 2018 - 2020 Decline
  • RES 2: 125.93 2.0% Upper Bollinger Band
  • RES 1: 125.58 High Aug 6
  • PRICE: 125.12 @ 05:05 BST Aug 12
  • SUP 1: 124.02 20-day EMA
  • SUP 2: 122.84 Low Jul 24 and key support
  • SUP 3: 122.47 Low Jul 21
  • SUP 4: 121.82 Low Jul 15 and 16

Markets bounced further Tuesday, with prices topping 125, but stopping short of last week's highs. The cross remains strong despite recent moderation. The underlying uptrend looks to Fib resistance at 125.97 and 126.68. RSI measures have fallen back out of overbought territory, which may give

MNI London Bureau | +44 203-865-3806 | krzysztof.kruk@marketnews.com