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EURJPY TECHS

Bearish Extension

CHF

USDCHF Hovering Below Notable Resistance Area

USDJPY TECHS

Support Appears Exposed

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  • RES 4: 173.93 High Aug 25
  • RES 3: 173.93 High Aug 25
  • RES 2: 172.76 High Sep 2 and 3
  • RES 1: 172.48 High Sep 9 and key near-term resistance
  • PRICE: 171.88 @ 05:22 BST Sep 15
  • SUP 1: 171.33 Low Sep 14
  • SUP 2: 171.30 2.382 proj of the Aug 5 - 11 - 17 price swing
  • SUP 3: 171.16 2.500 proj of the Aug 5 - 11 - 17 price swing
  • SUP 4: 171.00 Round number support

Bund futures maintain a weaker tone and the contract traded lower yesterday. A bearish theme follows last week's move through 172.00. The break lower confirmed a resumption of the downtrend from Aug 5 and paves the way for a deeper retracement. Attention remains on 171.30 next, a Fibonacci projection. Initial firm resistance is at 172.48, Sep 9 high. A break would ease the current bearish sentiment.