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USDJPY TECHS

Consolidating But Remains Bullish

EURGBP TECHS

Recovering, But Not Through Resistance

GBPUSD TECHS

Consolidation Mode

EURUSD TECHS

Bearish Threat Remains, Despite Intraday Rally

COMMODITIES

Gold Bumped to New Multi-Month Highs

BOBL TECHS
  • RES 4: 135.757 76.4% retrace of the May 4 - Jun 10 decline (cont)
  • RES 3: 135.500 High May 22 (cont)
  • RES 2: 135.421 61.8% retrace of the May 4 - Jun 10 decline (cont)
  • RES 1: 135.350 High Jul 31
  • PRICE: 134.520 @ 03:42 BST Aug 14
  • SUP 1: 134.510 Low Aug 13 / Jul 2 and key support
  • SUP 2: 134.410 Low Jun 17
  • SUP 3: 134.386 61.8% Jun - Aug rally
  • SUP 4: 133.595 1.0% 10-dma envelope

The market bias remains in favour of selling rallies, with the sell-off accelerating Thursday. 134.610/560 failed to provide much support, shifting downside targets lower to the mid-June lows of 134.410 and Fib support of 134.386. Markets need to snap back above 135.350 to reignite any upside. A break above here opens 135.421 (cont), 61.8% of the Apr - Jun sell-off.

MNI London Bureau | +44 203-865-3806 | krzysztof.kruk@marketnews.com