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EUROZONE ISSUANCE

EGB Supply - W/C November 14, 2022

BTP TECHS

(Z2) Resistance Appears Exposed

EUROZONE T-BILL ISSUANCE

W/C 14 November, 2022

EURGBP TECHS

Bullish Moving Average Set-Up

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Bear Cycle Still In Play

USDJPY TECHS
  • RES 4: 145.16 20-day EMA
  • RES 3: 144.34 50-day EMA
  • RES 2: 142.48 High Nov 11
  • RES 1: 140.80 High Nov 14
  • PRICE: 140.28 @ 06:53 GMT Nov 15
  • SUP 1: 138.46 Low Nov 14
  • SUP 2: 138.05 Low Aug 30
  • SUP 3: 137.37 Low Aug 29
  • SUP 4: 135.49 76.4% retracement of the Aug 2 - Oct 21 bull leg

The USDJPY outlook remains bearish following last week’s sell-off. A continuation of the current bear cycle would set the scene for a move towards 138.05 and 137.37, the Aug 30 and 29 lows respectively. The pair has pierced 138.64, 61.8% of the Aug 2 - Oct 21 bull leg. A clear break of this Fibonacci retracement would reinforce bearish conditions. Initial firm resistance is seen at 144.34, the 50-day EMA.

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  • RES 4: 145.16 20-day EMA
  • RES 3: 144.34 50-day EMA
  • RES 2: 142.48 High Nov 11
  • RES 1: 140.80 High Nov 14
  • PRICE: 140.28 @ 06:53 GMT Nov 15
  • SUP 1: 138.46 Low Nov 14
  • SUP 2: 138.05 Low Aug 30
  • SUP 3: 137.37 Low Aug 29
  • SUP 4: 135.49 76.4% retracement of the Aug 2 - Oct 21 bull leg

The USDJPY outlook remains bearish following last week’s sell-off. A continuation of the current bear cycle would set the scene for a move towards 138.05 and 137.37, the Aug 30 and 29 lows respectively. The pair has pierced 138.64, 61.8% of the Aug 2 - Oct 21 bull leg. A clear break of this Fibonacci retracement would reinforce bearish conditions. Initial firm resistance is seen at 144.34, the 50-day EMA.