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USDJPY TECHS

Sights Set On The 145.90 Bull Trigger

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Tops 50-day EMA

GBPUSD TECHS
  • RES 4: 1.2518 High Jun 6
  • RES 3: 1.2406 High Jun 16 and a key resistance
  • RES 2: 1.2332 High Jun 27
  • RES 1: 1.2257/2293 High Aug 10 / 01
  • PRICE: 1.2250 @ 15:22 BST Aug 10
  • SUP 1: 1.2004 Low Aug 5
  • SUP 2: 1.1961 Low Jul 25
  • SUP 3: 1.1890/1760 Low Jul 21 / Low Jul 14 and the bear trigger
  • SUP 4: 1.1673 1.00 proj of the May 27 - Jun 14 - 16 price swing

GBPUSD surged on the back of the weaker US CPI release, taking out the first level of resistance at the 1.2192 50-day EMA. This puts prices close to the August highs, and further strength through 1.2293 would be a bullish development. 1.2332, the Jun 27 high, lies just above. Potential is also seen for a climb towards 1.2406, the Jun 16 high and the next key key resistance. Initial support to watch is 1.2004, Aug 5 low.

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  • RES 4: 1.2518 High Jun 6
  • RES 3: 1.2406 High Jun 16 and a key resistance
  • RES 2: 1.2332 High Jun 27
  • RES 1: 1.2257/2293 High Aug 10 / 01
  • PRICE: 1.2250 @ 15:22 BST Aug 10
  • SUP 1: 1.2004 Low Aug 5
  • SUP 2: 1.1961 Low Jul 25
  • SUP 3: 1.1890/1760 Low Jul 21 / Low Jul 14 and the bear trigger
  • SUP 4: 1.1673 1.00 proj of the May 27 - Jun 14 - 16 price swing

GBPUSD surged on the back of the weaker US CPI release, taking out the first level of resistance at the 1.2192 50-day EMA. This puts prices close to the August highs, and further strength through 1.2293 would be a bullish development. 1.2332, the Jun 27 high, lies just above. Potential is also seen for a climb towards 1.2406, the Jun 16 high and the next key key resistance. Initial support to watch is 1.2004, Aug 5 low.