Edward Hardy

Price Signal Summary - GBPUSD in Proximity of Support* The primary trend in EUROSTOXX 50 futures is unchanged, it remains bullish. However, for now the contract remains in a corrective cycle . An important support around the 50-day EMA, at 6381.49, has been pierced. A bull cycle in S&P E-Minis remains intact and recent weakness appears to have been corrective. Price remains above a key support at the 50-day EMA, currently at 7628.47. * A bull cycle in AUDUSD remains intact. The pair has started the week on a bullish note and a fresh cycle today reinforces current trend conditions. The move higher maintains the bullish price sequence of higher highs and higher lows. USDJPY is trading closer to its recent lows and maintains a softer tone following the sharp reversal lower last week. The move down highlights an end to the recent corrective bull phase. GBPUSD continues to trade closer to its recent lows. Support to watch lies at 1.3483, the 50-day EMA. This average has been pierced, a clear break of it is required to signal scope for a deeper retracement and expose a trendline support at 1.3436. * A bull cycle in WTI futures remains intact and fresh cycle highs last week reinforce bullish conditions. The contract has traded through key resistance at $91.27, the May 18 high. The initial move down last this week in Gold has resulted in a breach of the 50-day EMA, currently at $4345.7. However, price has recovered and the EMA, as a support, remains intact. * The trend needle in Bund futures futures continues to point south and fresh cycle lows last week reinforce bearish conditions. Moving average studies on the continuation chart are in a bear-mode position. Gilt futures have recovered from their lows last week. For now, gains are considered corrective. A bearish theme remains intact and recent fresh cycle lows confirm a resumption of the trend.MNI Global Tech Trend Monitor - August 2026: Full document here: MNITechTrendMonitorAugust26.pdf: https://enews.marketnews/ct/x/pjJsdwaMxr4I6aIzJ0xwHQ~k1zZ8KXr-kA8x6_BXsf2pt QM3-9HJw* We update our Global Tech Trend Monitor to incorporate sharp swings in asset prices since the onset of the Iran War, BoJ currency market intervention, a new UK Prime Minister and a more activist approach from the US Treasury toward long bond yields * AUDJPY on cusp of major multi-year range breakout, with the August 1990 high of 122.70 a particular level of noteFOREIGN EXCHANGEEURUSD TECHS: Trading Above Support* RES 4: 1.1797 High May 6 * RES 3: 1.1742 High May 13 * RES 2: 1.1725 76.4% retracement of the Apr 17 - Jun 24 bear leg * RES 1: 1.1658/1711 High Aug 28 / High Aug 20 & 21 and bull trigger * PRICE: 1.1612 @ 06:06 BST Sep 07 * SUP 1: 1.1566 Low Sep 02 * SUP 2: 1.1559 50-day EMA * SUP 3: 1.1512 Low Aug 13 * SUP 4: 1.1455 Low Jul 31EURUSD is in consolidation mode and trades above last week's low. A bull theme remains intact and recent weakness appears corrective. Key support at the 50-day EMA, at 1.5559, is intact. A clear break of this EMA is needed to undermine the bull theme and signal scope for a deeper retracement. A resumption of gains would refocus attention on key S/T resistance at 1.1711, the Aug 20 and 21 high. Clearance of this hurdle resumes the uptrend.GBPUSD TECHS: Monitoring Support* RES 4: 1.3814 High Jan 30 * RES 3: 1.3733 High Feb 4 * RES 2: 1.3696 76.4% retracement of the Jan 27 - Jun 24 bear cycle * RES 1: 1.3603/76 High Aug 27 / 21 and the bull trigger * PRICE: 1.3511 @ 06:17 BST Sep 07 * SUP 1: 1.3483 50-day EMA * SUP 2: 1.3475 Low Sep 02 * SUP 3: 1.3436 Trendline support drawn from the Jun 24 low * SUP 4: 1.3333 Low Jul 30GBPUSD continues to trade closer to its recent lows. Support to watch lies at 1.3483, the 50-day EMA. This average has been pierced, a clear break of it is required to signal scope for a deeper retracement and expose a trendline support at 1.3436. The trendline is drawn from the Jun 24 low. Initial firm resistance to monitor is 1.3603, the Aug 27 high. Clearance of this level would signal a bull reversal.EURGBP TECHS: Bullish Phase* RES 4: 0.8694 High Jun 22 * RES 3: 0.8652 High Jun 26 * RES 2: 0.8635 76.4% retracement of the Jun 22 - Jul 15 bear leg * RES 1: 0.8608 High Sep 03 * PRICE: 0.8592 @ 06:40 BST Sep 07 * SUP 1: 0.8570 20-day EMA * SUP 2: 0.8532 Low Aug 12 and key S/T support * SUP 3: 0.8518/8455 Low Jul 22 / 15 and the bear trigger * SUP 4: 0.8443 2.236 projection of the May 18 - 25 - Jun 22 swingA bullish theme in EURGBP remains intact for now, and the cross is holding on to the bulk of its recent gains. Price has breached resistance at 0.8588, the Jul 30 high, highlighting a stronger corrective theme. Sights are on 0.8635, a Fibonacci retracement. Note that medium-term trend signals continue to highlight a dominant downtrend. Initial firm support to watch is 0.8532, the Aug 12 low. A break of this level would be bearish.USDJPY TECHS: Sights Are On Key Support* RES 4: 161.28 Low Jul 10 * RES 3: 160.64 61.8% retracement of the Jul 23 - Aug 3 bear leg * RES 2: 159.18/160.39 20-day EMA / High Sep 02 * RES 1: 158.03 Low Aug 20 * PRICE: 155.83 @ 07:09 BST Sep 07 * SUP 1: 155.23 Low Aug 3 and the bear trigger * SUP 2: 155.04 Low May 6 and a key support * SUP 3: 154.78 38.2% retracement of the Apr 22 '25 - Jul 23 bull leg * SUP 4: 154.00 Low Feb 23USDJPY is trading closer to its recent lows and maintains a softer tone following the sharp reversal lower last week. The move down highlights an end to the recent corrective bull phase. Sights are on 155.23, the Aug 3 low. A clear breach of this level would strengthen bearish conditions and open 154.78, a Fibonacci retracement. Key S/T resistance has been defined at 160.39, the Sep 2 high. A break of it would reinstate the recent bull theme.EURJPY TECHS: Key Support Remains Exposed* RES 4: 187.47 High Jul 29 and a key resistance * RES 3: 186.02 High Aug 21 and S/T bull trigger * RES 2: 184.57 50-day EMA * RES 1: 183.16 Low Aug 12 * PRICE: 180.90 @ 07:19 BST Sep 07 * SUP 1: 180.23 Low Sep 04 * SUP 2: 179.37 Low Aug 3 and key support * SUP 3: 178.82 High Oct 30 2025 * SUP 4: 177.98 Low Nov 11 2025A sharp pullback in EURJPY last week highlights a clear bearish threat and a potential reversal signal.The move down has exposed 179.37, the Aug 3 low and a key support. Clearance of this level would strengthen the bearish condition and highlight an important medium-term bearish development. Note that the short-term condition is oversold. Gains would be considered corrective and this would unwind the oversold position.AUDUSD TECHS: Continues To Appreciate* RES 4: 0.7310 1.00 proj of the Mar 30 - May 6 - Jun 30 price swing * RES 3: 0.7278 High May 6 and key resistance * RES 2: 0.7223 High May 15 * RES 1: 0.7218 Intraday high * PRICE: 0.7214 @ 08:02 BST Sep 07 * SUP 1: 0.7136 20-day EMA * SUP 2: 0.7084 50-day EMA * SUP 3: 0.7023 Low Aug 6 and 7 * SUP 4: 0.6922 Low Jul 29A bull cycle in AUDUSD remains intact. The pair has started the week on a bullish note and a fresh cycle today reinforces current trend conditions. The move higher maintains the bullish price sequence of higher highs and higher lows. A continuation of the bull leg would pave the way for a climb towards 0.7278, the May 6 high and a key resistance. Key support to watch is the 50-day EMA at 0.7084. First support lies at the 20-day EMA, at 0.7136.USDCAD TECHS: Trend Set-Up Still Bearish* RES 4: 1.4175 High Jul 13 * RES 3: 1.4129 High Jul 28 * RES 2: 1.4080 High Aug 4 and 5 * RES 1: 1.3936 50-day EMA * PRICE: 1.3836 @ 08:07 BST Sep 07 * SUP 1: 1.3732 Low Aug 21 and the bear trigger * SUP 2: 1.3715 76.4% retracement of the May 1 - Jun 24 bull cycle * SUP 3: 1.3672 Low May 12 * SUP 4: 1.3620 Low May 7A bear theme in USDCAD remains intact and last Wednesday's reversal reinforces this theme. Resistance at the 50-day EMA, at 1.3936, remains intact. A clear break of the average is required to strengthen any short-term bull theme and signal scope for a stronger retracement of the Jun 24 - Aug 21 bear leg. For bears, attention is on key near-term support at 1.3732, the Aug 21 low.FIXED INCOMEBUND TECHS: (Z6) Trend Needle Points South* RES 4: 124.07 High Aug 14 * RES 3: 123.89 High Aug 25 And Key resistance * RES 2: 122.34 High Aug 27 * RES 1: 122.39/122.93 High Sep 420-day EMA * PRICE: 122.00 @ 05:46 BST Sep 07 * SUP 1: 121.63 Low Sep 2 * SUP 2: 121.56 1.500 proj of the Aug 13 - 20 - 25 price swing * SUP 3: 121.38 1.618 proj of the Aug 13 - 20 - 25 price swing * SUP 4: 121.16 1.764 proj of the Aug 13 - 20 - 25 price swingThe trend needle in Bund futures futures continues to point south and fresh cycle lows last week reinforce bearish conditions. Moving average studies on the continuation chart are in a bear-mode position highlighting a dominant downtrend. Sights are on 121.56 next, a Fibonacci projection. Key resistance to watch is 123.89, the Aug 25 high. Initial resistance is at 122.93, the 20-day EMA.BOBL TECHS: (Z6) Bearish Outlook* RES 4: 114.690 High Aug 7 * RES 3: 114.520 High Aug 25 and a key resistance * RES 2: 114.160 High Aug 27 * RES 1: 113.820 Low Aug 20 * PRICE: 113.340 @ 05:54 BST Sep 07 * SUP 1: 113.110 Low Sep 2 * SUP 2: 113.000 Round number support * SUP 3: 112.967 1.618 proj of the Aug 5 - 20 - 25 price swing * SUP 4: 112.827 1.764 proj of the Aug 5 - 20 - 25 price swingA downtrend in Bobl futures remains firmly in place and fresh cycle lows last week reinforce current conditions. Note that moving average studies on the continuation chart remain in a bear-mode position. This continues to highlight a dominant downtrend. Sights are on the 113.000 handle next. Key resistance to watch is at 114.520, the Aug 25 high. Initial resistance is at 113.820, the Aug 20 low. Short-term gains would be considered corrective.SCHATZ TECHS: (Z6) Trend Structure Still Bearish* RES 4: 105.515 High Aug 25 and a key resistance * RES 3: 105.380 High Aug 27 * RES 2: 105.265 Low Jul 20 * RES 1: 105.190 High Sep 4 * PRICE: 105.105@ 06:16 BST Sep 07 * SUP 1: 104.985 Low Sep 2 * SUP 2: 104.925 0.500 proj of the Aug 25 - Sep 2 - 4 price swing * SUP 3: 104.862 0.618 proj of the Aug 25 - Sep 2 - 4 price swing * SUP 4: 104.785 0.764 proj of the Aug 25 - Sep 2 - 4 price swingA bear cycle in Schatz futures remains intact and last week's move lower reinforces current conditions. The contract has recently cleared a key support to confirm a resumption of the downtrend. This opens 104.925 next, a Fibonacci projection point. Note that on the continuation chart, moving average studies are in a bear mode position highlighting a dominant downtrend. Initial firm resistance is 105.265, the Aug 20 low.GILT TECHS: (Z6) Corrective Cycle* RES 4: 87.11 High Aug 25 and a key near-term resistance * RES 3: 86.75 High Aug 27 * RES 2: 86.55 76.4% retracement of the Aug 25 - Sep 2 bear leg * RES 1: 86.38High Sep 4 * PRICE: 86.00 @ 06:43 BST Sep 07 * SUP 1: 85.32/84.74 Low Sep 3 / 2 * SUP 2: 84.57 1.618 proj of the Aug 12 - 18 - 25 price swing * SUP 3: 84.34 1.764 proj of the Aug 12 - 18 - 25 price swing * SUP 4: 84.00 Round number supportGilt futures have recovered from their lows last week. For now, gains are considered corrective. A bearish theme remains intact and recent fresh cycle lows confirm a resumption of the trend. Scope is seen for a bear extension towards 84.57, a Fibonacci projection. Note that on the continuation chart, moving average studies are in a bear mode position, highlighting a dominant downtrend. First resistance is 86.38, the Sep 4 high.BTP TECHS: (Z6) Bearish Outlook* RES 4: 119.78 High Aug 5and a key M/T resistance * RES 3: 116.57 High Aug 13 * RES 2: 115.72 High Aug 26 and a key S/T resistance * RES 1: 114.95 20-day EMA * PRICE: 114.19 @ 07:43 BST Sep 07 * SUP 1: 113.51 Low Sep 2 * SUP 2: 113.12 1.382 proj of the Aug 13 - 20 - 26 price swing * SUP 3: 112.68 1.618 proj of the Aug 13 - 20 - 26 price swing * SUP 4: 112.40 1.764 proj of the Aug 13 - 20 - 26 price swingA bearish theme in BTP futures is intact and strong selling pressure last week reinforces current conditions. Note that moving average studies on the continuation chart are in a bear-mode position, highlighting a dominant downtrend. Sights are on the 113.12 next, a Fibonacci projection point. Key short-term resistance is seen at 115.72, the Aug 26 high. Initial firm short-term resistance to watch is 114.95, the 20-day EMA.EQUITIESEUROSTOXX50 TECHS: (U6) Has Pierced Support At The 50-Day EMA* RES 4: 6704.63 2.618 proj of the May 4 - 6 - 18 price swing * RES 3: 6662.50 2.500 proj of the May 4 - 6 - 18 price swing * RES 2: 6620.37 2.382 proj of the May 4 - 6 - 18 price swing * RES 1: 6517.00/6602.00 High Aug 27 / 12 and the bull trigger * PRICE: 6396.00 @ 06:42 BST Sep 07 * SUP 1: 6339.00 Low Sep 2 * SUP 2: 6201.00 Low Jul 21 and a reversal trigger * SUP 3: 6155.00 Low Jun 12 * SUP 4: 5986.00 Low Jun 11The primary trend in EUROSTOXX 50 futures is unchanged, it remains bullish. However, for now the contract remains in a corrective cycle . An important support around the 50-day EMA, at 6381.49, has been pierced. A clear breach of the EMA would highlight a stronger S/T reversal and pave the way for an extension towards 6201.00, the Jul 21 low.The bull trigger is 6602.00, the Aug 12 high. Initial resistance is at 6517.00, the Aug 27 high.E-MINI S&P: (U6) Trend Structure Bullish* RES 4: 7900.00 Round number resistance * RES 3: 7892.00 1.500 proj of the Jun 11 - 15 - 26 price swing * RES 2: 7849.93 1.382 proj of the Jun 11 - 15 - 26 price swing * RES 1: 7782.50/7838.50 High Aug 28 / 13 and the bull trigger * PRICE: 7720.25 @ 07:24 BST Sep 07 * SUP 1: 7628.47 50-day EMA * SUP 2: 7581.25 50.0% retracement of the Jul 29 - Aug 13 bull leg * SUP 3: 7520.54 61.8% retracement of the Jul 29 - Aug 13 bull leg * SUP 4: 7445.42 76.4% retracement of the Jul 29 - Aug 13 bull legA bull cycle in S&P E-Minis remains intact and recent weakness appears to have been corrective. Price remains above a key support at the 50-day EMA, currently at 7628.47. A clear break of the 50-day average would highlight a stronger short-term bear threat. For bulls, initial resistance to watch is 7782.50, the Aug 28 high. Clearance of this level would be a bullish development and strengthen the near-term recovery.COMMODITIESBRENT TECHS: (X6) Outlook Remains Bullish* RES 4: $104.35 - 1.382 proj of the Jul 2 - 23 - Aug 5 price swing * RES 3: $101.44 - 1.236 proj of the Jul 2 - 23 - Aug 5 price swing * RES 2: $100.00 - Psychological round number * RES 1: $97.93 - Intraday high * PRICE: $97.66 @ 07:15 BST Sep 07 * SUP 1: $90.10 - 20-day EMA * SUP 2: $86.54 - 50-day EMA * SUP 3: $76.78 - Low Aug 5 and a key support * SUP 4: $70.67 - Low Jul 2 and a bear triggerA bullish theme in Brent futures remains intact following the recent rally and today's fresh cycle high strengthens current conditions. The contract has breached resistance at $95.82, the May 18 high. That break confirms a resumption of the primary uptrend and signals scope for an extension towards the psychological $100.00 handle. Initial support to watch lies at $90.10, the 20-day EMA.WTI TECHS: (V6) Bulls Remain In The Driver's Seat* RES 4: $100.00 - Psychological round number * RES 3: $98.08 - 1.236 proj of the Jul 2 - 23 - Aug 5 price swing * RES 2: $94.04 - 1.000 proj of the Jul 2 - 23 - Aug 5 price swing * RES 1: $93.14 - High Sep 3 * PRICE: $92.63 @ 07:21 BST Sep 07 * SUP 1: $85.43 - 20-day EMA * SUP 2: $82.16 - 50-day EMA * SUP 3: $73.10 - Low Aug 5 and a key support * SUP 4: $67.13 - Low Jul 2 and the bear triggerA bull cycle in WTI futures remains intact and fresh cycle highs last week reinforce bullish conditions. The contract has traded through key resistance at $91.27, the May 18 high. The clear break of this hurdle confirms a resumption of the medium-term uptrend and exposes $94.04 initially, a Fibonacci projection point. First support to watch lies at $85.43, the 20-day EMA. Key support is at the 50-day EMA, currently at $82.16.GOLD TECHS: Support Remains Intact* RES 4: $4855.4 - 61.8% retracement of the Mar 2 - Jun 30 bear leg * RES 3: $4718.6 - High May 14 * RES 2: $4696.8 - High Aug 25 and the bull trigger * RES 1: $4538.6 - 61.8% retracement of the Aug 25 - Sep 2 bear leg * PRICE: $4396.7 @ 07:27 BST Sep 07 * SUP 1: $4282.7 - Low Sep 2 * SUP 2: $4231.1 - 61.8% retracement of the Jun 30 - Aug 25 bull leg * SUP 3: $4166.1 - High Jul 22 * SUP 4: $4121.1 - 76.4% retracement of the Jun 30 - Aug 25 bull legThe initial move down last this week in Gold has resulted in a breach of the 50-day EMA, currently at $4345.7. However, price has recovered and the EMA, as a support, remains intact. A clear break of the average would signal a stronger reversal and highlight scope for an extension towards $4231.1, a Fibonacci retracement. Moving average studies are in a bull mode position highlighting an uptrend. The bull trigger is $4396.8, the Aug 25 high.SILVER TECHS: Still Looking For Gains* RES 4: $76.158 - 61.8% retracement of the May 13 - Jul 17 bear leg * RES 3: $74.131 - High Jun 5 * RES 2: $72.076 - 50.0% retracement of the May 13 - Jul 17 bear leg * RES 1: $71.142 - High Aug 28 * PRICE: $65.578 @ 08:11 BST Sep 07 * SUP 1: $63.316/62.029 - Low Sep 2 / 61.8% of Jul 17-Aug 28 bull leg * SUP 2: $54.778 - Low Jul 17 and bear trigger * SUP 3: $52.577 - 1.000 proj of the Mar 2 - 23 - May 13 price swing * SUP 4: $50.000 - Psychological round numberThe current bull cycle in Silver remains intact. While the latest pullback appears corrective, it is worth noting that price has traded through support around the 50-day EMA, at $64.812. A clear break of the EMA would signal scope for a deeper retracement and open $61.029, a Fibonacci retracement point. Key short-term resistance has been defined at $71.142, the Aug 28 high. Clearance of this hurdle would confirm a resumption of the bull leg.

Some more details on that Panama Canal headline - the new administrator states:* Based on modelling, daily transits through the Canal could drop to 27 from current rates of 32 due to dry weather and low water levels. The canal averages 35 crossings per day, against a maximum capacity of 40. * That said, the proposals are based on assumptions, and are a "worst case" scenario that rivals the worst year in Panama Canal records: 1997. * These numbers are likely being made public due to the administrator's pledge earlier this year that they would not limit passage in any circumstance thanks to their water conservation measures over the past few years - but that's clearly not been sufficient against these conditions. * While number of daily crossings is one measure for the flow of goods, it's also worth watching data on the 'authorized drafts'. This is the depth of water considered safe for passage, and a lower draft can force operators to limit cargo weight, while maintaining daily crossings.

* EUR/USD: Sep09 $1.1585(E1.3bln), $1.1600(E1.3bln), $1.1615(E1.1bln), $1.1800(E1.4bln); Sep10 $1.1500(E2.1bln), $1.1550(E1.2bln), $1.1585-00(E1.6bln); Sep11 $1.1575($1.4bln) * USD/JPY: Sep10 Y156.00($1.4bln), Y160.00($1.2bln); Sep11 Y154.00($1.6bln) * AUD/NZD: Sep10 N$1.1800(A$1.4bln) * USD/CAD: Sep09 C$1.3880-00($1.1bln)

* RES 4: 1.1797 High May 6 * RES 3: 1.1742 High May 13 * RES 2: 1.1725 76.4% retracement of the Apr 17 - Jun 24 bear leg * RES 1: 1.1658/1711 High Aug 28 / High Aug 20 & 21 and bull trigger * PRICE: 1.1628 @ 16:03 BST Sep 07 * SUP 1: 1.1566 Low Sep 02 * SUP 2: 1.1559 50-day EMA * SUP 3: 1.1512 Low Aug 13 * SUP 4: 1.1455 Low Jul 31EURUSD is in consolidation mode and trades above last week's low. A bull theme remains intact and recent weakness appears corrective. Key support at the 50-day EMA, at 1.5559, is intact. A clear break of this EMA is needed to undermine the bull theme and signal scope for a deeper retracement. A resumption of gains would refocus attention on key S/T resistance at 1.1711, the Aug 20 and 21 high. Clearance of this hurdle resumes the uptrend.

* RES 4: 0.8694 High Jun 22 * RES 3: 0.8652 High Jun 26 * RES 2: 0.8635 76.4% retracement of the Jun 22 - Jul 15 bear leg * RES 1: 0.8608 High Sep 03 * PRICE: 0.8585 @ 16:13 BST Sep 07 * SUP 1: 0.8570 20-day EMA * SUP 2: 0.8532 Low Aug 12 and key S/T support * SUP 3: 0.8518/8455 Low Jul 22 / 15 and the bear trigger * SUP 4: 0.8443 2.236 projection of the May 18 - 25 - Jun 22 swingA bullish theme in EURGBP remains intact for now, and the cross is holding on to the bulk of its recent gains. Price has breached resistance at 0.8588, the Jul 30 high, highlighting a stronger corrective theme. Sights are on 0.8635, a Fibonacci retracement. Note that medium-term trend signals continue to highlight a dominant downtrend. Initial firm support to watch is 0.8532, the Aug 12 low. A break of this level would be bearish.

* RES 4: 1.3814 High Jan 30 * RES 3: 1.3733 High Feb 4 * RES 2: 1.3696 76.4% retracement of the Jan 27 - Jun 24 bear cycle * RES 1: 1.3603/76 High Aug 27 / 21 and the bull trigger * PRICE: 1.3544 @ 16:12 BST Sep 07 * SUP 1: 1.3483 50-day EMA * SUP 2: 1.3475 Low Sep 02 * SUP 3: 1.3436 Trendline support drawn from the Jun 24 low * SUP 4: 1.3333 Low Jul 30GBPUSD continues to trade closer to its recent lows. Support to watch lies at 1.3483, the 50-day EMA. This average has been pierced, a clear break of it is required to signal scope for a deeper retracement and expose a trendline support at 1.3436. The trendline is drawn from the Jun 24 low. Initial firm resistance to monitor is 1.3603, the Aug 27 high. Clearance of this level would signal a bull reversal.

* RES 4: 161.28 Low Jul 10 * RES 3: 160.64 61.8% retracement of the Jul 23 - Aug 3 bear leg * RES 2: 159.18/160.39 20-day EMA / High Sep 02 * RES 1: 158.03 Low Aug 20 * PRICE: 154.37 @ 16:17 BST Sep 07 * SUP 1: 154.06 Low Sep 07 * SUP 2: 154.00 Low Feb 23 * SUP 3: 153.55 3.0% 10-dma envelope * SUP 4: 152.10 Low Jan 27USDJPY blew through key support to hit new pullback lows of 154.06 Monday. With key support out of the way, market focus shifts to whether downside momentum can be sustained from here, or if support into the 154.00 figure or vol-band based support into 153.55 can slow the price action. 152.10 marks both the year-to-date low as well as the last time the 3.0% 10-dma envelope was pierced - and coincided with a bottoming-out in prices.

* RES 4: 187.47 High Jul 29 and a key resistance * RES 3: 186.02 High Aug 21 and S/T bull trigger * RES 2: 184.57 50-day EMA * RES 1: 183.16 Low Aug 12 * PRICE: 179.49 @ 07:19 BST Sep 07 * SUP 1: 179.23/37 Low Sep 07 / Aug 03 and key support * SUP 2: 178.82 High Oct 30 2025 * SUP 3: 178.48 3.0% 10-dma envelope * SUP 4: 177.98 Low Nov 11 2025A sharp pullback in EURJPY last week highlights a clear bearish threat and a potential reversal signal. The move down has exposed 179.23-37 as key support. Clearance of these levels would strengthen the bearish condition and highlight an important medium-term bearish development. Note that the short-term condition is oversold. Gains would be considered corrective and this would unwind the oversold position.

* RES 4: 0.7310 1.00 proj of the Mar 30 - May 6 - Jun 30 price swing * RES 3: 0.7278 High May 6 and key resistance * RES 2: 0.7251 2.0% 10-dma envelope * RES 1: 0.7225 High Sep 07 * PRICE: 0.7219 @ 16:50 BST Sep 07 * SUP 1: 0.7136 20-day EMA * SUP 2: 0.7084 50-day EMA * SUP 3: 0.7023 Low Aug 6 and 7 * SUP 4: 0.6922 Low Jul 29A bull cycle in AUDUSD remains intact. The pair has started the week on a bullish note and a fresh cycle today reinforces current trend conditions. The move higher maintains the bullish price sequence of higher highs and higher lows. A continuation of the bull leg would pave the way for a climb towards 0.7278, the May 6 high and a key resistance. Key support to watch is the 50-day EMA at 0.7084. First support lies at the 20-day EMA, at 0.7136.

* RES 3: 96.064 - 61.8% retracement Oct '25 - Mar Downleg (cont) * RES 2: 95.925 - High Jan 9 (cont) and a key resistance * RES 1: 95.670 - High Jun 25 / 29 and the bull trigger * PRICE: 95.205 @ 15:44 BST Sep 07 * SUP 1: 95.160 - Low Low Sep 02 * SUP 2: 95.035 - Low Mar 23 and key medium-term support (cont) * SUP 3: 94.456 - 1.0% 10-dma envelopeA medium-term uptrend in Aussie 3-yr futures since Mar 23 is under threat, with markets looking to determine if the break of support this week marks an end of the bull cycle. The contract is trading at new lows having broken 95.195, the Apr 29 and 30 low on the continuation chart. The key M/T support is 95.035 (cont), the Mar 23 low. Key resistance and bull trigger is 95.670, the Jun 25 / 29 high.