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USDCAD TECHS

Bullish Price Structure Intact

AUDUSD TECHS

Needle Points South

US TSY OPTIONS

BLOCK, Huge 5Y Put Buy

EURJPY TECHS

Probes The Bear Trigger

USDJPY TECHS

Range Base Holds Firm

Focus Is On Key Support

EURO-YEN TECHS
  • RES 4: 127.50 High Mar 2019
  • RES 3: 126.81 High Apr 17, 2019
  • RES 2: 126.76 High Aug 13 and the bull trigger
  • RES 1: 126.06 High Aug 19
  • PRICE: 125.19 @ 10:42 BST Aug 24
  • SUP 1: 124.44 Low Aug 21
  • SUP 2: 124.34 Low Aug 10/11 and key support
  • SUP 3: 123.84 Low Jul 31
  • SUP 4: 123.35 50-day EMA

EURJPY despite this morning's recovery, support at 124.34, Aug 10 / 11 low and a pivot level, remains exposed following the move lower last week. A break would signal scope for a deeper corrective sell-off perhaps towards the 50-day EMA that intersects at 123.35. For bulls, price needs to hold above support at 124.34. The key bull trigger is currently far off at 126.76. A break of this level would resume the past few months' strong uptrend.