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GBPUSD TECHS

Bounce Leaves Triangle Base Intact

FED

Reverse Repo Operation

COMMODITIES

WTI Strikes Sept High, Narrows in On Bull Trigger

EURUSD TECHS

Eyeing Key Support

FED

Nordea on FOMC, Keep Eye on NFP

EURO-YEN TECHS
EURO-YEN TECHS: Next Target Zone Situated Between Y129.54-Y129.78
*RES 4: Y131.06 50% Fibo of Y137.51-Y124.62
*RES 3: Y130.29 2% volatility band
*RES 2: Y129.78 76.4% Fibo of 131.38-124.62
*RES 1: Y129.54/58 38.2% Fibo of Y137.51-Y124.62, i'day high
*PRICE: Y129.36 @0925GMT
*SUP 1: Y128.70 Hourly support
*SUP 2: Y128.20 Hourly congestion Jun 4-Jun 5
*SUP 3: Y127.79 Jun 5 low
*SUP 4: Y127.13 Jun 1 low
*COMMENTARY* Has continued to regain ground, following last week's exhaustion
spike to the base of the 4 month bear channel. Today we have seen the rally move
through Y128.80-Y129.00 resistance, the latter the upper 1% volatility band.
This sees the 38.2% Fibo retrace level at Y129.54 as the next potential barrier
to cross, a maintained break having potential for the 76.4% Fibo level at
Y129.78 next. Meanwhile, Y128.70 provides support, Y128.20 below.