USDJPY: The USDJPY trading higher at the open of the European session. Next resistance is at 96.80, a break above exposes 96.96 next, followed by 97.34. Alternatively support is at 96.36, a break below exposes 96.11, followed by 95.92. Last week the USDJPY closed the trading lower, posting a new monthly low on Friday at 95.79. On Thursday the price action formed a bullish pin bar, which is indicative for a move higher, but a break above 97.56 and sustaining above is needed in order to flip weekly bias to bullish, as long as we remain below this level, weekly bias remains to the downside.
EURUSD: The EURUSD trading lower at early European session. EURUSD coming off the monthly highs on Friday, closing Friday lower after posting a new monthly high on Thursday. Nearest Support is at 1.3300, with a break below exposing 1.3231 next, followed by 1.3187. Alternatively Nearest resistance is at 1.3344, with a move higher exposing 1.3390 next, followed by 1.3415, the June highs.
SP500: The SP500 coming off the monthly highs on last week’s trading, exposing 1675 level next, with a break below exposing 1666 and 1661 next. Alternatively a bounce back higher would target 1698 next, followed by the all-time high at 1709.6.
CL: Crude oil posting a long bullish candle on Friday, bouncing back from the monthly highs set last week on Thursday, Nearest resistance is at 106.43, with a break above exposing 107.41 next. Alternatively nearest support is at 105.05, with a break below exposing 103.70 next, followed by 102.86 and 102.19.