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USDJPY TECHS

Bulls Pause For Breath

US EURODLR OPTIONS

Lead Serial Put Spd

EURGBP TECHS

Remains Vulnerable

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  • RES 4: 134-00+ High Aug 17 and key near-term resistance
  • RES 3: 133-28 High Sep 3
  • RES 2: 133-12+ High Sep 22
  • RES 1: 132.20+ Low Sep 17 and recent breakout level
  • PRICE: 132-01+ @ 15:18 BST Sep 24
  • SUP 1: 132-01 Low Sep 24
  • SUP 2: 131-27+ 1.00 proj of the Aug 4 - 11 - 17 price swing
  • SUP 3: 131-14 Low Jun 17 (cont)
  • SUP 4: 131-11 1.00 proj of the Aug 4 - 11 - 17 price swing

Treasury futures remain weak following Thursday's sell-off as an early recovery waned. Thursday's move lower resulted in the break of a number of key support levels to confirm a resumption of the downleg that started Aug 4. This keeps the outlook negative for now, with downside targets shifting lower to 131-27+ initially ahead of 131-14. Initial firm resistance is at 133-12+, Sep 22 high.