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USDCAD TECHS

Stronger In a Range

AUDUSD TECHS

Weaker In A Range

US TSYS SUMMARY

Ending The Week On A Soft Note

EURJPY TECHS

Bearish Risk Growing

USDJPY TECHS

Stronger, But Still Vulnerable

US

SP500 PE Ratio vs. CPI Inflation

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  • RES 4: 1.4445 2.0% 10-dma envelope
  • RES 3: 1.4377 High Apr 17, 2018 and a key resistance
  • RES 2: 1.4315 High Apr 18, 2018
  • RES 1: 1.4203/48 High Jun 3 / High Jun 1 and the bull trigger
  • PRICE: 1.4106 @ 16:23 BST Jun 11
  • SUP 1: 1.4074 Low Jun 10
  • SUP 2: 1.4034/06 50-day EMA / Low May 13 and key support
  • SUP 3: 1.3972 Low May 10
  • SUP 4: 1.3858 Low May 6

GBPUSD traded higher Thursday, finding support at 1.4074, before fading into the Friday close. The pair is still trading in a range though below 1.4248, Jun 1 high. Trend conditions are bullish. The probe on Jun 1 of former resistance at 1.4237, Feb 24 high reinforces a bullish theme however a clear break is required to confirm a resumption of the trend. This would open 1.4315, April 18 2018 high. Key support is at the 50-day EMA at 1.4034 and 1.4006, May 13 low.