EURJPY TECHS: Remains Above Support
May-28 07:02
- RES 4: 166.69 High Oct 31 2024 and a key resistance
- RES 3: 166.10 High Nov 6
- RES 2: 165.21/43 High May 13 / High Nov 8 2024
- RES 1: 164.07 High May 15
- PRICE: 163.37 @ 17:06 BST May 27
- SUP 1: 161.09 Low May 23
- SUP 2: 160.99 Low Apr 22
- SUP 3: 160.01 50% Retracement Feb’25 - May’25 Upleg
- SUP 4: 159.48 Low Apr 9
EURJPY has recovered from its lows and for now, this undermines the recent bearish theme and signals the end of the recent corrective leg between May 13 - 23, and a likely resumption of the uptrend. Key short-term support has been defined at 161.09, the May 23 low, where a break is required to suggest scope for a deeper correction. A continuation higher would expose 165.21, the May 13 high and bull trigger.
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US TSY OPTIONS: Large outright put buyer
Apr-28 07:00
- TYM5 106.50p, bought for 2 in 15k.
Recall earlier that the 107.00p, was also bought for 2 in 15k.
GILTS: Opening calls
Apr-28 06:57
Gilt calls, 93.01/93.33 range.
EQUITIES: EU Cash Opening calls
Apr-28 06:56
Estox 50: +0.54%, Dax: +0.62%, CAC: +0.44%, FTSE +0.29%, SMI -0.18%.
