EU TRANSPORTATION: Heathrow; 1H results

• The Dollar has acted as a safer heaven going into the Week, Gold saw a ~$20 Dollar upside opening gap, but the precious Metal has closed it, to now trade near Friday's low of $3340.50.
• While the Dollar has been favoured, Core Bonds, like the Bund and US Treasuries have not seen the typical FTQ flows, seems like Desks will likely look from Inflationary Risk from Oil, and the Tariff War.
• The Yen has now taken over the NZD as the worst Performer in G10, down 0.84%, and next resistance in USDJPY will now be eyed at 147.67 High May 14.
• NZDUSD trades at a one Month low, and next support comes at 0.5894.

• RES 4: 150.49 High Apr 2   
• RES 3: 149.28 High Apr 3
• RES 2: 148.65 High May 12 and a reversal trigger
• RES 1: 147.67 High May 14 
• PRICE: 147.32 @ 07:34 BST Jun 23
• SUP 1: 146.30 Intraday low 
• SUP 2: 145.08 50-day EMA 
• SUP 3: 144.66 20-day EMA 
• SUP 4: 142.80 Low Jun 13   

Today’s rally in USDJPY strengthens a bullish theme. The move higher marks an extension of last week’s gains and highlights a stronger reversal. It also cancels a recent bear theme. The climb exposes key resistance at 148.65, the May 12 high and a reversal trigger. Clearance of this level would confirm a resumption of the bull cycle that started Apr 22. Support to watch lies at 145.08, the 20-day EMA.

• RES 4: 0.8648 76.4% retracement of the Apr 11 - May 29 downleg    
• RES 3: 0.8624 High Apr 21
• RES 2: 0.8592 61.8% retracement of the Apr 11 - May 29 downleg 
• RES 1: 0.8575 Intraday high  
• PRICE: 0.8569 @ 07:26 BST Jun 23
• SUP 1: 0.8488/8465 20- and 50-day EMA values 
• SUP 2: 0.8407/8356 Low Jun 4 / Low May 29 and the bear trigger 
• SUP 3: 0.8327 1.382 proj of the Apr 11 - 16 - 21 price swing
• SUP 4: 0.8316 Low Mar 28 and a key support

A bullish theme in EURGBP remains intact and the cross is holding on to its gains. The recent breach of the 50-day EMA highlighted a stronger reversal. This signals scope for a climb towards 0.8592 next, a Fibonacci retracement. On the downside, support to watch lies at 0.8465, the 50-day EMA. Clearance of this level would instead highlight a possible reversal. Support at the 20-day EMA is at 0.8488.