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USDJPY TECHS

Consolidating Below Resistance

EURGBP TECHS

Approaching Key Support

US TSYS

Hovering Just Off Monday's Late Cheaps

GBPUSD TECHS

Climbs Above The 20-Day EMA

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  • RES 4: 134.758 1.382 proj of the May 20 - 26 - 31 price swing
  • RES 3: 134.663 1.236 proj of the May 20 - 26 - 31 price swing
  • RES 2: 134.510 1.00 proj of the May 20 - 26 - 31 price swing
  • RES 1: 134.250/390 High Jun 17 / High Jun 15
  • PRICE: 134.010 @ 05:22 BST Jun 25
  • SUP 1: 133.860 Low May 28, 31, Jun 22 and key S/T support
  • SUP 2: 133.700 76.4% retracement of the May 20 - Jun 11 rally
  • SUP 3: 133.530 Low May 21
  • SUP 4: 133.450 Low May 20 and the bear trigger

Bobl futures dipped lower earlier this week, extending the recent pullback. Although the move lower is considered corrective, a near-term bearish risk is present. Price is below the 20-day EMA and key support is at 133.860, May 28 and 31 low. A break lower would strengthen a bearish case. On the upside, key resistance and the bull trigger has been defined at 134.510, a Fibonacci projection and the Jun 11 high. Initial resistance is at 134.250.