USDCAD TECHS

Bouncing Off Trend Low

AUDUSD TECHS

Opens Gap With Recent Highs

EURJPY TECHS

Breaks Through Channel Base

USDJPY TECHS

Attention Remains On The Bear Channel Top

EURGBP TECHS

Approaching Key Support

GBPUSD TECHS

Pulls Back From Key Resistance

Testing Resistance

EURO-YEN TECHS
  • RES 4: 125.93 2.0% 10-dma envelope
  • RES 3: 125.49 0.618 projection of the May 6 - Jun 5 from Jun 22 low
  • RES 2: 125.23 High May 1, 2019
  • RES 1: 124.31/43 High Jul 31 / Jun 5 and key resistance
  • PRICE: 124.01 @ 06:32 BST Jul 31
  • SUP 1: 122.84 Low Jul 24 and key support
  • SUP 2: 122.70 20-day EMA
  • SUP 3: 122.47 Low Jul 21
  • SUP 4: 121.82 Low Jul 15 and 16

EURJPY found some support Wednesday and is trading near recent highs. The cross overnight in Asia probed resistance at 124.29, Jul 22 high. A clear break higher would pave the way for a test of primary resistance and bull trigger at 124.43, Jun 5 high. On Jul 24, the cross probed key support at 123.06 before finding support at 122.84. A close below 123.06 would signal a top and highlight the potential for a deeper correction.

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