EURJPY TECHS: Resumes Its Uptrend
- RES 4: 160.66 2.382 proj of the May 11 - 29 - 31 price swing
- RES 3: 159.92 2.236 proj of the May 11 - 29 - 31 price swing
- RES 2: 158.72 2.00 proj of the May 11 - 29 - 31 price swing
- RES 1: 158.23 Intraday high
- PRICE: 158.16 @ 06:37 BST Aug 10
- SUP 1: 156.26/155.54 20-day EMA / Low Aug 3
- SUP 2: 154.65 50-day EMA
- SUP 3: 151.42 Low Jul 28 and key support
- SUP 4: 150.16 38.2% retracement of the Jan 3 - Jul 21 bull cycle
Short-term conditions in EURJPY remain bullish and the cross is trading higher today. Key resistance at 158.05, the Jul 21 high, has been breached. The break confirms a continuation of the medium-term uptrend and opens 158.72, a Fibonacci projection. Moving average studies are in a bull-mode condition, highlighting a rising trend. Key support is at 151.42, the Jul 28 low. Initial firm support lies at 154.65, the 50-day EMA.
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LOOK AHEAD: UK Timeline of Key Events (Times BST)
| Date | UK | Period | Event |
| 11-Jul | 0001 | Jun | BRC-KPMG Shop Sales Monitor |
| 11-Jul | 0700 | May/Jun | Labour Market Survey |
| 12-Jul | 0700 | --- | BOE FPC Summary and Record |
| 12-Jul | 0900 | --- | Financial Stability Report press conference |
| 13-Jul | 0700 | May | GDP / Serv./Prod. Index / Trade Balance / Cons. output |
| 19-Jul | 0700 | Jun | Consumer inflation report / Producer prices |
| 19-Jul | 0930 | May | ONS House Price Index |
| 19-Jul | 1700 | --- | BoE Ramsden speech on QT - Money Macro and Finance Society |
| 21-Jul | 0001 | Jul | Gfk Monthly Consumer Confidence |
| 21-Jul | 0700 | Jun | Public Sector Finances / Retail Sales |
| 24-Jul | 0930 | Jul | S&P Manufacturing / Services / Composite PMI flash |
| 31-Jul | 0930 | Jun | BOE M4 / BOE Lending to Individuals |
| 01-Aug | 0001 | Jul | BRC Monthly Shop Price Index |
| 03-Aug | 0930 | Jul | BOE DMP Survey |
| 03-Aug | 1200 | Aug | Bank Of England Interest Rate |
US TSYS: TY Blocked
Latest block trade lodged at 06:00:56 London/ 01:00:56 NY
- TYU3 2.5k lots blocked at 111-08+, looks like a buyer
LOOK AHEAD: Eurozone Timeline of Key Events (Times BST)
| Date | Time | Country | Event |
| 11-Jul | 0700 | DE | HICP (f) |
| 11-Jul | 0900 | IT | Industrial Production |
| 11-Jul | 1000 | DE | ZEW Current Conditions/Expectations Index |
| 12-Jul | 0800 | ES | HICP (f) |
| 12-Jul | 1445 | EU | ECB Lane panels at NBER conference. |
| 13-Jul | --- | EU | ECB Lagarde & Panetta in Eurogroup Meeting |
| 13-Jul | 0745 | FR | HICP (f) |
| 13-Jul | 1000 | EU | Industrial Production |
| 14-Jul | 1000 | EU | Trade Balance |
| 14-Jul | --- | EU | ECB de Guindos in Ecofin Meeting |
| 16-Jul | --- | EU | ECB Panetta at G20 Finance/Central Bank meeting |
| 17-Jul | --- | EU | ECB Panetta at G20 Finance/Central Bank meeting |
| 17-Jul | 0900 | IT | Italy Final HICP |
| 17-Jul | 0915 | EU | ECB Lagarde speaks at ECB CESEE conference |
| 17-Jul | 0930 | EU | ECB Lane chairs session at ECB CESEE conference |
| 17-Jul | 1315 | EU | ECB Elderson chairs session at ECB CESEE conference |
