Technicals

The key resistance level remains 108.50 (overhead resistance) with minor resistance at the 200 day moving average at 107.58 today. Bounced off that rising support almost spot on yesterday at 106.26 as outlined per yesterdays report. Still bullish momentum intact above this rising support line, coming in at 106.51 today.

Support: 106.51 (rising support), 106.24 (yesterdays low), 104.99 (30/6 reaction low)

Resistance: 107.58 (200 day moving avg.) 108.50 (overhead resistance)

EURJPY

Key resistance remains the 170.00 level. Got up to 169.44 last week, but failed on the 1st approach. Technically bullish momentum intact above rising support at 166.45 today. So it can pullback towards this trend line and still retain the bullish momentum.

Support: 166.45 (rising support), 164.90 (break out level)

Resistance: 169.44 (all time high), 170.00 (psychological resistance)

USDCAD

Interim rising support coming in at 1.0135 today with overhead resistance at 1.0282, so basically have to move out of this range to see a break out. To see a clean break out higher it has to clear the 1.04 level.

Support: 1.0135 (interim risings support), 1.0078 (100 day moving average), 0.9987 (200 day moving average), 0.9968 (rising support from Nov07 low)

Resistance: 1.0282 (overhead res), 1.0378 (key level), 1.0400(former key support.)

EURGBP

Same outlook as yesterday: Trading inside an apex with support at 0.7896 and resistance at 0.7997 today. As long as the 0.7896 support holds I expect to see a test towards the overhead resistance (0.7997) near term.

Support: 0.7896 (rising sup), 0.7612 (former high), 0.7597(key level)

Resistance: 0.7997 (interim falling resistance), 0.8097 (high)