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USDCAD TECHS

Solid Bounce

AUDUSD TECHS

Reverses In Style

EURJPY TECHS

Accelerates Off Bull Trigger

USDJPY TECHS

Still Pointing Higher

EURGBP TECHS

Bouncing Well

GBPUSD TECHS

Bulls Press Pause

Stalls At Area Of Key Resistance

EURO-YEN TECHS
  • RES 4: 127.50 High Mar 1, 2019
  • RES 3: 126.95 0.764 proj of May 6 - Jun 5 rally from Jun 22 low
  • RES 2: 126.81 High Aug 17, 2019
  • RES 1: 126.77 High Aug 28 and the intraday bull trigger
  • PRICE: 126.54 @ 16:22 BST Aug 31
  • SUP 1: 125.13 20-day EMA
  • SUP 2: 124.44 Low Aug 21
  • SUP 3: 124.34 Low Aug 10/11 and key support
  • SUP 4: 123.67 50-day EMA

EURJPY tested and probed key resistance at 126.67, Aug 13 high on Friday with a print of 126.77 before finding resistance. A clear breach of 126.67 would confirm a resumption of the uptrend that has been in place since early May and open 126.95, a Fibonacci projection. On the downside, key support to watch resides at 124.44, Aug 21 low and this marks a pivot level. A break would instead signal a reversal.

MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com