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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

Finds Resistance At The Day High

EURO-YEN TECHS
  • RES 4: 127.50 High Mar 1, 2019
  • RES 3: 126.95 0.764 proj of May 6 - Jun 5 rally from Jun 22 low
  • RES 2: 126.81 High Aug 17, 2019
  • RES 1: 126.77 Intraday high
  • PRICE: 125.66 @ 10:33 BST Aug 28
  • SUP 1: 125.11 20-day EMA
  • SUP 2: 124.44 Low Aug 21
  • SUP 3: 124.34 Low Aug 10/11 and key support
  • SUP 4: 123.84 Low Jul 31

EURJPY continues to trade above recent lows and overnight did test key resistance at 126.67, Aug 13 high touching a high of 126.77 before finding resistance once again. A clear breach of 126.67 would confirm a resumption of the uptrend that has been in place since early May and open 126.95, a Fibonacci projection. On the downside, key support resides at 124.44, Aug 21 low and marks a pivot level. A breach would instead signal a reversal.

MNI London Bureau | +44 203-586-3805 | taso.anastasiou.ext@marketnews.com
MNI London Bureau | +44 203-586-3805 | taso.anastasiou.ext@marketnews.com