US NATGAS: Energy Transfer Announces Natural Gas Pipeline Project

• RES 4: 148.65 High May 12 and a reversal trigger 
• RES 3: 148.03 High Jun 23 
• RES 2: 146.19/146.77 High Jun 24 / 76.4% of Jun 23 - Jul1 bear leg 
• RES 1: 145.60 Intraday high
• PRICE: 145.56 @ 13:32 BST Jul 7
• SUP 1: 144.18/142.68 Low Jul 4 / 1   
• SUP 2: 142.12 Low May 27 and a key short-term support 
• SUP 3: 141.96 76.4% retracement of the Apr 22 - May 12 upleg
• SUP 4: 141.49 Low Apr 23    

USDJPY has started the week on a firmer note. Price has breached the 50-day EMA, at 144.91, and a close above it would highlight a stronger reversal. This would expose 146.19, the Jun 24 high. For now, gains still appear corrective. Moving average studies are in a bear-mode position, signalling a dominant downtrend. A resumption of weakness would open 142.12, the May 27 low and a key short-term support.

LLOY (19th Sep) 78c, bought for 3.2 and 3.3 in 25.85k.

• The Yen extends further losses against the EUR, USD, GBP, the AUD lags but is also finding a bid here.
• In terms of the Charts, GBPJPY could challenge the June and the 2025 high at ~198.81 (prices are according to Bloomberg).
• Next upside resistance in the EURJPY is seen at 171.09 (23/07/24 high).