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AUSSIE 10-YEAR TECHS

(Z1) Off Lows, But Remains Weak

USDCAD TECHS

Still Vulnerable

AUDUSD TECHS

Bullish Price Sequence

Shooting Star Threat To Bulls

EURO-YEN TECHS
  • RES 4: 128.69 61.8% retracement of the 2018 - 2020 downtrend
  • RES 3: 127.50 High Mar 1, 2019
  • RES 2: 127.08 High Sep 1, 2020
  • RES 1: 126.32 High Sep 2
  • PRICE: 125.83 @ 10:43 BST Sep 3
  • SUP 1: 125.29 Intraday low
  • SUP 2: 124.44 Low Aug 21 and the reversal trigger
  • SUP 3: 124.34 Low Aug 10/11 and a key support
  • SUP 4: 123.95 50-day EMA

EURJPY traded higher Tuesday confirming a fresh high print of 127.08 but has since found resistance. A bull trend nevertheless remains intact and this week's gains signal scope for a climb towards 127.58 next, a high dating back to Mar 2019. One concern still for bulls, is Tuesday's weak close that has seen bearish candle, a "shooting star" appear on the charts. Deeper losses would expose key trend support at 124.44, Aug 21 low.

MNI London Bureau | +44 203-586-3805 | taso.anastasiou.ext@marketnews.com
MNI London Bureau | +44 203-586-3805 | taso.anastasiou.ext@marketnews.com