Cramer's Corner: Daily Technical Update focus on JPY pairs rebounding
Technical analysis

Cramer's Corner: Daily Technical Update focus on JPY pairs rebounding

Kim Cramer Larsson
Technical Analyst, Saxo Bank

Summary:  Cramer’s Corner: Daily Technical Update

Kim Cramer Larsson hosts the Daily Technical Update, a daily 8-10 minute video with live charts.
Kim takes you through the latest technical developments in financial markets, covering everything from the major stock indices, widely traded single stocks, commodities, currencies and interest rates

In today’s Technical Update:

  • S&P 500 Key resistance at 5,146. Support 4,953.
  • Nasdaq 100 above 17,808 key resist. Above 18K Likely bullish
  • EuroStoxx50 Resist at 5,053, Key support at 4,888
  • DAX. Key resistance at 18,192. Support at 17,620
  • AEX25 above key resistance at 883. Could test 900. 908?
  • CAC40 resistance at 8,126. Key support at 7,875 and 7,812
  • SMI20 resistance at 11,379, could sell off to 11K
  • Time 3.15
  • EURUSD spiked to above 1.08
  • GBPUSD spiked to 0.786 0.618 retracement, support at 1.2449
  • JPY pairs correction likely over expect rebounds across the board
  • USDJPY bouncing from 0.618 retracement. Likely bullish move to 157
  • EURJPY testing 0.786 retracement at 164.29
  • AUDJPY dipped to 0.618 retracement and lower to 100. Resuming uptrend towards 103
  • GBPJPY bouncing from rising trendline and
  • AUDUSD rejected at 0.6640 resistance
  • USDCAD tested key support at 1.3618
  • USDCHF key support at 0.90
  • Dollar Index closed above strong support at 104.84
  • Time 9.22
  • Gold bids holding Gold above 2,280. Resuming uptrend?
  • Silver resuming uptrend?
  • Copper resuming uptrend?
  • WTI support at rising trendline
  • Brent Crude below rising trendline support at 81.40
  • US 10-year T-yields support at 4.47. Strong support at 4.34

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