MEXICO: Sinaloa Cartel Leader Arrested in Mexico

Feb-14 20:51

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" 'El Viejn', leader of the Sinaloa Cartel, is arrested in Ciudad Jurez" - Expansion.mx https://poli...

Historical bullets

EURJPY TECHS: Monitoring Support

Jan-15 20:50
  • RES 4: 165.43 High Nov 8 
  • RES 3: 164.90 THigh Dec 30 and a key short-term resistance  
  • RES 2: 164.55 High Jan 7
  • RES 1: 163.19 High Jan 10 
  • PRICE: 161.11 @ 20:46 GMT Jan 15 
  • SUP 1: 160.04 Low Jan 13    
  • SUP 2: 160.54 50.0% retracement of the Dec 3 - 30 bull cycle   
  • SUP 3: 159.51 61.8% retracement of the Dec 3 - 30 bull cycle
  • SUP 4: 158.67 Low Dec 11

The recent move down in EURJPY appears corrective. The recovery from Monday’s low highlights a potential short-term reversal and the end of the corrective cycle. A resumption of gains would open 164.90, the Dec 30 high. Clearance of this hurdle would confirm a resumption of the uptrend. On the downside, key short-term support has been defined at 160.04, the Jan 13 low. Clearance of this level would be a bearish development.

AUSSIE 10-YEAR TECHS: (H5) Resistance Remains Intact

Jan-15 20:44
  • RES 3: 96.501 - 76.4% of the Mar 14 - Nov 1 ‘23 bear leg
  • RES 2: 96.207 - 61.8% of the Mar 14 - Nov 1 ‘23 bear leg
  • RES 1: 95.615/851 - High Dec 31 / High Dec 11 
  • PRICE: 95.440 @ 20:29 GMT Jan 15
  • SUP 1: 95.275 - Low Nov 14  (cont) and a key support 
  • SUP 2: 95.224 - 1.000 proj of the Dec 11 - 23 - 31 price swing
  • SUP 3: 94.495 - 1.0% 10-dma envelope

The Aussie 10-yr futures contract continues to trade below the Dec 11 high of 95.851, and has traded through the Dec low. A stronger bearish theme would expose 95.275, the Nov 14 low and a key support. Clearance of this level would strengthen a bearish theme. For bulls, a confirmed reversal and a breach of 95.851, the Dec 11 high, would instead reinstate a bull cycle and refocus attention on resistance at 96.207, a Fibonacci retracement point.

USDJPY TECHS: Corrective Pullback

Jan-15 20:37
  • RES 4: 160.00 Round number resistance   
  • RES 3: 159.45 High Jul 12
  • RES 2: 159.26 0.618 proj of the Sep 16 - Nov 15 - Dec 3 price swing  
  • RES 1: 158.87 High Jan 10  
  • PRICE: 156.43 @ 20:36 GMT Jan 15
  • SUP 1: 155.95 Low Jan 15 
  • SUP 2: 154.71 50-day EMA  
  • SUP 3: 154.44 Low Dec 19
  • SUP 4: 153.16 Low Dec 17  

The trend condition in USDJPY is unchanged, it remains bullish and the latest move lower is considered corrective. The pair has traded through the 20-day EMA and an extension lower would signal scope for a deeper retracement. The next support to watch is 154.71, the 50-day EMA. A return higher and a breach of 158.87, the Jan 10 high, would confirm a resumption of the uptrend and open 159.45, the Jul 12 ‘24 high.