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USDCAD TECHS

Pullback Considered Corrective

AUDUSD TECHS

Trend Indicators Point South

EURJPY TECHS

Bearish Focus

USDJPY TECHS

Consolidating Below Resistance

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  • RES 4: 4415.48 1.00 proj of Mar 25 - May 10 - 13 price swing
  • RES 3: 4322.15 0.764 proj of Mar 25 - May 10 - 13 price swing
  • RES 2: 4300.00 Round Number Resistance
  • RES 1: 4265.50 Intraday high
  • PRICE: 4265.00 @ 14:16 BST Jun 25
  • SUP 1: 4126.75 Low Jun 21 and key short-term support
  • SUP 2: 4100.00 Round number support
  • SUP 3: 4020.20 Low May 13 and key short-term support
  • SUP 4: 3967.00 High Mar 18

S&P E-minis are firmer and have traded to fresh all-time highs once again. The contract this week tested the 50-day EMA at 4145.50 and the average provided support, reinforcing bullish conditions. The rally from the EMA on Jun 21 also confirmed an important bull signal and in pattern terms was a bullish piercing candle. With 4258.25, Jun 15 high breached, attention turns to 4300.00. Key short-term support is at 4126.75, low Jun 21.