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GBPUSD TECHS

Remains Under Pressure

EURUSD TECHS

Bear Cycle Extension

US TSY OPTIONS

30Y Put

COMMODITIES

Oil Bounces, Eyes Iran Poll and Gulf Weather

US EURODLR FUTURES

Large Red Sep'22 Sale

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  • RES 4: 133.62 Bull channel top drawn off the Oct 30, 2020 low
  • RES 3: 133.28 1.50 proj of Jun-Sep-Oct 2020 swing
  • RES 2: 133.13 High Sep 21, 2018 and a key resistance
  • RES 1: 132.36/53 1.382 of Jun-Sep-Oct 2020 swing / High May 10
  • PRICE: 132.01 @ 16:19 BST May 11
  • SUP 1: 131.48 Low May 7
  • SUP 2: 130.99 Low May 5 and a key support
  • SUP 3: 130.57 Low Apr 27
  • SUP 4: 130.11 Bull channel base drawn off the Oct 30, 2020 low

The EURJPY outlook remains bullish. Price traded above 132.36 yesterday, a Fibonacci projection. A clear break would reinforce bullish conditions and signal scope for an extension higher within the bull channel drawn off the Oct 30 2020 low. Moving average studies are pointing north reinforcing current conditions. Support is at 130.99, May 5 low. The focus is on 133.28 next, a Fibonacci projection.