Trial now
BOBL TECHS

(U1) Trades Through Its Bull Channel Top

ASIA FX

Delta Variant Concerns Weigh

BUND TECHS

(U1) Trending Higher

CHINA RATES

O/N Repo Rate Steadily Climbing

OIL

Tepid Recovery Not Sustained In Asia

INDIA

Market Closure

Sign up now for free access to this content.

Please enter your details below and select your areas of interest.

  • RES 4: 133.76/134.13 High Jun 10 / High Jun 1 and the bull trigger
  • RES 3: 132.88 High Jun 17
  • RES 2: 132.07 50-day EMA
  • RES 1: 131.43 High Jun 18
  • PRICE: 131.23 @ 17:21 BST Jun 21
  • SUP 1: 130.04 Intraday low
  • SUP 2: 129.59 Low Apr 23
  • SUP 3: 128.83 Low Mar 29
  • SUP 4: Low Mar 24 and key support

EURJPY remains weak. This follows sharp losses last week and scope is seen for a deeper pullback. Last week's move lower resulted in a break of the 50-day EMA and importantly a breach of the bull channel support at 131.78. The channel is drawn off the Oct 30, 2020 low. This highlights a reversal in sentiment and note, price is also through the 100-dma. Attention is on 130.00 and 129.59, Apr 23 low. Initial resistance is seen at 131.43, Jun 18 high.