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JGB TECHS

(U1) Tilted Higher

AUSSIE 10-YEAR TECHS

(U1) Uptrend Weakening

US TSYS SUMMARY

Bullard Kickstarts Reflation Unwind Theme

AUDUSD TECHS

Fresh 2021 Lows

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  • RES 4: 135.05 Bull channel top drawn off the Oct 30, 2020 low
  • RES 3: 134.80 High Feb 8, 2018
  • RES 2: 134.19 1.618 proj of Jun - Sep - Oct 2020 swing
  • RES 1: 133.81/34.13 High Jun 4 / High Jun 1 and the bull trigger
  • PRICE: 133.36 @ 06:42 BST Jun 11
  • SUP 1: 132.89 Low Jun 7
  • SUP 2: 132.52 Low May 24
  • SUP 3: 131.99 50-day EMA
  • SUP 4: 131.53 Bull channel base drawn off the Oct 30, 2020 low

EURJPY is attempting to retrace yesterday's pullback. The cross remains in a consolidation mode with initial support at 132.89, Jun 7 low. Trend conditions however remain bullish and the recent pullback is likely a correction. Price touched a high of 134.13 on Jun 1 and the extension reinforces bullish conditions signalling scope for gains within the rising channel drawn off the Oct 30 2020 low. The channel top is at 135.05. Firm support lies at 132.52.