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US EURODLR FUTURES

ED Yields Slide But Maintain Post-FOMC Increase Beyond EDZ3

EQUITIES

Reversing  this morning's weakness

US TSY FUTURES

BLOCK, 2Y Sale

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SOY TECHS

(X2) Corrective Pullback Extends

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Corrective Bounce Extends

USDJPY TECHS
  • RES 4: 137.46 High Jul 27
  • RES 3: 136.30 Former channel support drawn from the Mar 4 low
  • RES 2: 135.48 20-day EMA
  • RES 1: 134.67 High Jul 29
  • PRICE: 134.27 @ 16:23 BST Aug 3
  • SUP 1: 130.41/130.00 Low Aug 2 / Round number support
  • SUP 2: 129.51 Low Jun 2
  • SUP 3: 128.64 Low Jun 1
  • SUP 4: 127.53 Low May 31

USDJPY recovered further into the Wednesday close, having found support at 130.41 on Tuesday. Gains are considered corrective at this stage. Recent weakness has resulted in the break of a number of important technical chart points. A bull channel breakout - drawn from the Mar 4 low - signals a short-term reversal. Support at 131.50, Jun 16 low has also been cleared. A resumption of weakness would open 130.00. Initial resistance is at 135.48, the 20-day EMA.

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  • RES 4: 137.46 High Jul 27
  • RES 3: 136.30 Former channel support drawn from the Mar 4 low
  • RES 2: 135.48 20-day EMA
  • RES 1: 134.67 High Jul 29
  • PRICE: 134.27 @ 16:23 BST Aug 3
  • SUP 1: 130.41/130.00 Low Aug 2 / Round number support
  • SUP 2: 129.51 Low Jun 2
  • SUP 3: 128.64 Low Jun 1
  • SUP 4: 127.53 Low May 31

USDJPY recovered further into the Wednesday close, having found support at 130.41 on Tuesday. Gains are considered corrective at this stage. Recent weakness has resulted in the break of a number of important technical chart points. A bull channel breakout - drawn from the Mar 4 low - signals a short-term reversal. Support at 131.50, Jun 16 low has also been cleared. A resumption of weakness would open 130.00. Initial resistance is at 135.48, the 20-day EMA.