RENEWABLES: UK Morning Wind Forecast

Jul-04 06:59

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Historical bullets

GILTS: Opening calls

Jun-04 06:57

A tight Gilt call, 91.87/91.89.

EQUITIES: EU Cash opening calls

Jun-04 06:56

Estox 50: +0.41%, Dax: +0.61%, CAC: +0.35%, FTSE +0.20%, SMI +0.37%.

EURJPY TECHS: Support Remains Intact

Jun-04 06:54
  • 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 and bull trigger / High Nov 8 2024 
  • RES 1: 164.26 High May 29 
  • PRICE: 163.75 @ 07:53 BST Jun 4 
  • SUP 1: 162.58/161.09 50-day EMA / Low May 23 and key support
  • 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  

A bullish theme in EURJPY remains intact. The latest recovery from the May 23 low, signals the end of the corrective pullback between May 13 - 23. If correct, the move higher also marks a resumption of the uptrend. Key short-term support lies at 161.09, the May 23 low, where a break is required to highlight a stronger reversal and suggest scope for a deeper correction. Sights are on 165.21, the May 13 high and bull trigger.