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US TSY FUTURES

TUZ1 Given

NEW ZEALAND

ANZ Hikes Mortgage & Depo Rates

JGBS

Futures Tight In the Tokyo Morning

KRW

South Korea's Exports Prove Resilient

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  • RES 4: 131.09 High Jul 13
  • RES 3: 130.39/75 1.0% 10-dma envelope / High Sep 3 bull trigger
  • RES 2: 130.20 High Sep 14 high
  • RES 1: 129.41/67 High Sep 23 / 17
  • PRICE: 129.33 @ 17:14 BST Sep 23
  • SUP 1: 127.94/93 Low Aug 19 and the bear trigger / Intrada low
  • SUP 2: 127.88 50.0% retracement of the Oct '20 - Jan rally
  • SUP 3: 127.50 Low Feb 22
  • SUP 4: 126.40 61.8% retracement of the Oct '20 - Jun rally

EURJPY remains in a bear mode and traded just below the 127.94 key support and bear trigger, Aug 19 low Wednesday. The formation this week of a death cross in the DMA space reinforces a bearish theme. A clear break of 127.94 would open 127.88, a retracement. Further out, the risk of a move towards the 2021 lows of 125.09 has increased. Initial firm resistance is at 129.67, the Sep 17 high.