Trial now
US TSYS SUMMARY

Inflation Concerns Underpin Bear Steepening

AUDUSD TECHS

Bullish Theme

EURJPY TECHS

Firm Within Its Bull Channel

Sign up now for free access to this content.

Please enter your details below and select your areas of interest.

  • RES 4: 111.71 High Mar 24
  • RES 3: 111.30 High Mar 26, 2020
  • RES 2: 110.55/97 High Apr 6 / High Mar 31 and the bull trigger
  • RES 1: 109.94 High Apr 7
  • PRICE: 109.39 @ 06:19 BST Apr 13
  • SUP 1: 109.00 Low Apr 8
  • SUP 2: 108.41 Low Mar 23 and key support
  • SUP 3: 107.99 50-day EMA
  • SUP 4: 106.97 Low Mar 4

USDJPY still appears vulnerable following the recent pullback from the Mar 31 high. The pair last week breached support highlighted by the 20-day EMA, at 109.38 today. A clear break of the average would suggest scope for a deeper pullback towards the 109.00 handle and 108.41, Mar 23 low. The current pullback is allowing a recent overbought trend condition to unwind. Initial resistance 109.96, Apr 9 high.