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US 10YR FUTURE TECHS

(M1)‌‌ Resistance Remains Intact

CROSS ASSET

J&J Vaccine Pause in the US Prompts Risk Unwind

SWITZERLAND

CHF LIBOR FIX - 13-04-2021

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  • RES 4: 111.71 High Mar 24
  • RES 3: 111.30 High Mar 26, 2020
  • RES 2: 110.55/97 High Apr 6 / High Mar 31 and the bull trigger
  • RES 1: 109.94 High Apr 7
  • PRICE: 109.23 @ 18:08 GMT Apr 8
  • SUP 1: 109.00 Low Apr 8
  • SUP 2: 108.41 Low Mar 23 and key support
  • SUP 3: 107.81 50-day EMA
  • SUP 4: 106.97 Low Mar 4

USDJPY is under pressure and trading lower as the recent pullback from the Mar 31 high extends. The pair has traded through support highlighted by the 20-day EMA at 109.36. The break lower suggests scope for a deeper pullback with attention turning to the 109.00 handle ahead of 108.41, Mar 23 low. The current pullback is allowing an overbought trend condition to unwind. Initial resistance 109.94, Apr 7 high.