US INFLATION: Analysts Eye June Core PCE Of ~0.17-0.18% After CPI, PPI

• RES 4: 187.95 High Apr 17 and the bull trigger   
• RES 3: 187.56 High Apr 30
• RES 2: 186.56 76.4% retracement of the Apr 17 - May 6 bear leg  
• RES 1: 186.21 High Jun 5
• PRICE: 185.88 @ 17:27 BST Jun 15
• SUP 1: 184.01 Low Jun 8  
• SUP 2: 183.50 Low May 07
• SUP 3: 182.05 Low May 06 and a bear trigger
• SUP 4: 181.87 Low Mar 16 

EURJPY remains above its Jun 8 low. The trend condition is bullish and recent weakness appears to have been corrective. Note too that MA studies are in a bull-mode position, highlighting a dominant uptrend. Sights are on 186.21, the Jun 5 high. Clearance of this level would confirm a resumption of the short-term bull cycle and open 186.56, a Fibonacci retracement. Key short-term support 184.01, the Jun 8 low.  

• RES 4: 161.46 1.618 proj of the Jan 27 - Feb  - 12 price swing
• RES 3: 161.00 round number resistance 
• RES 2: 160.72 High Apr 30 and the bull trigger 
• RES 1: 160.59 High Jun 11
• PRICE: 160.19 @ 17:26 BST Jun 15
• SUP 1: 159.65 20-day EMA 
• SUP 2: 159.00/157.32 50-day EMA / Low May 14 
• SUP 3: 156.78 Low May 12
• SUP 4: 156.52 Uptrendline drawn off Apr’ 25 low

A bull cycle that started May 6 in USDJPY remains in play. Sights are on key resistance at 160.72, the Apr 30 high. A clear break of this hurdle  would strengthen the uptrend. Note that a breach would also cancel an existing  bear threat highlighted by the large bear candle on Apr 30 - it is still possible that the recovery since May 6 is a correction. Initial firm support to monitor is 159.00, the 50-day EMA.   

NETANYAHU: WITH OR WITHOUT A DEAL, IRAN WILL NOT HAVE NUCLEAR WEAPONS SEE LESS - RTRS

• NETANYAHU: WE HAVE SAVED ISRAEL FROM ANNIHILATION BUT OUR STRUGGLE IS NOT OVER
• NETANYAHU SAYS ISRAEL WE WILL REMAIN IN 'SECURITY ZONES' AS LONG AS IS NEEDED
• NETANYAHU: WE WILL CONTINUE TO THWART THREATS IN THE REGION
• NETANYAHU: SOMETIMES TRUMP AND ME DO NOT SEE EYE TO EYE