Futures Technical Overview 25 July 2017
SEP EURO Closing (11677)
Target: None
Resistance: 11699, 11735-50
Support: 11609, 115915*
Trend: Up
Swing Target: 79.99
Range Reversal: 115.10
Comment: The market is bullish and could yet extend the drive, but be careful for resistance near 11735-50. A close over 11750 is needed to fuel another aggressive bull wave. Be on guard for near term corrective dips and shift to sideways-defensive congestion. A close under 115915* will inject selling pressures, but only a close under 11510* triggers a lasting short term top.
SEP J-YEN Closing (9026)
Target: 9049 achieved
Resistance: 90355, 9049*+/-
Support: 8988, 89625, 89465*
Trend: Up
Swing Target: 117.27
Range Reversal: 89.465
Comment The market is short term bullish, but Monday's spike rally hit the expected 9049* resistance / bull objective. A close over 9049* is needed to continue bull trending to higher prices near the old downturn level around 9150+/-. Suspect setbacks from 9049* to retrace last week's range. A close under 89465* damages the bull advance, calling for a multi-week correction phase.
SEP B-POUND Closing (13060) ...