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EQUITY TECHS

E-MINI S&P (M1): Support Remains Intact

SOY TECHS

(N1) Resumes Its Uptrend

COPPER TECHS

(N1) Clears A Major Resistance

SWITZERLAND

CHF LIBOR FIX - 07-05-2021

EUROZONE

EUR LIBOR FIX - 07-05-2021

Inside Directional Parameters

DOLLAR-YEN TECHS
  • RES 4: 107.94 2.0% Upper Bollinger Band
  • RES 3: 106.90 High Jul 24
  • RES 2: 106.50/49 50-EMA / 1.0% 10-dma Envelope
  • RES 1: 106.47 High Aug 3
  • PRICE: 105.60 @ 05:24 BST Aug 7
  • SUP 1: 105.32 Low Aug 5
  • SUP 2: 103.09 Low Mar 12
  • SUP 3: 102.02 Low Mar 10
  • SUP 4: 101.19 Low Mar 9 and major support

The pair traded well inside the Wednesday range throughout the Thursday session. Volatility extended into the first half of the week, where prices spiked to 106.47, which remains the first upside target. This counters the bearish threat that had dominated since the recent breach of key supports at 106.07, Jun 23 low and 105.99, May 6 and 7 low. To the downside, 103.67 marks key support, the 76.4% retracement.

MNI London Bureau | +44 203-865-3806 | krzysztof.kruk@marketnews.com