Technical Analysis

The USD/YEN did not confirm the small positive day reversal returning instead a little under some pressure suggesting a move toward the 77,10/00 support area.

The EUR/JPY already formed a positive day reversal but only a daily closing tonight above 106,00 will confirm a s/t bottom supporting a recover.

The S&P confirmed yesterday a very weak closing turning therefore below the 200 days line at 1262,08.

The EUROSTOXX 50 confirmed yesterday a very weak closing but it failed yet to confirm the break of the support of the inside day.

The DAX is confirming a rebound after the drop this morning below the support line at 5696!

The BUND confirmed a strong closing last night well above the resistance of the outside day but it failed to confirm one above the previous top at 139,19!!

he USD/YEN formed a small positive day reversal but only a daily closing above 77,91 tonight we support a s/t bottom favouring higher levels.

EUR/GBP confirmed a weak closing well below the support of the inside day at 0,8550 favouring already a 0,8500 undershooting.

The USD/CHF confirmed a strong closing last night reversing and aborting the negative day reversal it formed the day before.