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EGB OPTIONS

Large Bobl condor

PIPELINE

$1B Roblox on Tap

GBP

Continues to trade on the front foot

EURGBP TECHS

Resumes Its Downtrend

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  • RES 4: 4591.25 1.00 proj of Jul 19 - Aug 16 - Aug 19 price swing
  • RES 1: 4539.50 High Sep 3 and the bull trigger
  • RES 3: 4519.75 High Sep 9
  • RES 1: 4421.50/4472.00 High Oct 7 / High Sep 27
  • PRICE: 4395.50 @ 14:14 BST Oct 14
  • SUP 1: 4317.25/4260.00 Low Oct 12 / Low Oct 1 and the bear trigger
  • SUP 2: 4243.50 Low Jul 20
  • SUP 3: 4214.50 Low Jul 19 and a key support
  • SUP 4: 4117.00 Low Jun 21

S&P E-minis have recovered and today's price action has resulted in a move above the 50-day EMA - at 4385.86 today. A clear breach of the average would undermine recent bearish signals and suggest scope for a stronger recovery. This would open 4421.50, Oct 7 high and 4472.00 further out, Oct 7 high. Initial key support is at 4317.25, Oct 12 low. A break would be bearish and would expose 4260.00, Oct 1 low.