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US 10YR FUTURE TECHS

(U1)‌‌ Bullish Focus

GBPUSD TECHS

Challenging The 50-Day EMA

EQUITIES

Stocks Welcome Powell's Commitment to Clarity

FED

Powell Press Conference Takeaways

FOREX

Minor Greenback Weakness Prevails Post FOMC

EURGBP TECHS

Key Support Appears Exposed

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  • RES 4: 0.7534 High Jul 7
  • RES 3: 0.7503 High Ju13
  • RES 2: 0.7464 20-day EMA
  • RES 1: 0.7429 High Jul 19
  • PRICE: 0.7359 @ 17:25 BST Jul 22
  • SUP 2: 0.7290 Low Jul 21
  • SUP 3: 0.7284/69 Low Nov 24, 2020 / 2.0% 10-dma envelope
  • SUP 3: 0.7235 1.382 proj of Feb 25 - Apr 1 - May 10 price swing
  • SUP 4: 0.7222 Low Nov 13, 2020

AUDUSD outlook remains bearish. This follows the recent sell-off that prompted new multi-month lows and a breach of the channel base at 0.7360. The channel is drawn from the Feb 25 high and the move lower marks an important short-term technical break. Scope is for weakness towards 0.7235 next, the 1.236 projection of the Feb 25 - Apr 1 - May 10 price swing. On the upside, initial resistance is seen at 0.7429, Jul 19 high.