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BOND SUMMARY

A Calmer Asia Session

ASIA FX

Positive Risk Sentiment Offset By USD Bounce

FOREX

Greenback Edges Higher, Antipodeans Sag

EQUITIES

Bouncing Back

KOREA RATES

Auction Results

Fresh Trend High

GBPUSD TECHS
  • RES 4: 1.3935 High Apr 27, 2018
  • RES 3: 1.3804 High Apr 30, 2018
  • RES 2: 1.3773 High May 1, 2018
  • RES 1: 1.3759 High Jan 27
  • PRICE: 1.3678 @ 20:28 GMT Jan 27
  • SUP 1: 1.3610 Low Jan 26
  • SUP 2: 1.3520 Low Jan 18 and key near-term support
  • SUP 3: 1.3505 Low Jan 12
  • SUP 4: 1.3490/52 50-day EMA / Low Jan 11

GBPUSD staged a decent rally Tuesday, reinforcing the underlying uptrend. The pair topped resistance 1.3746, Jan 21 high to maintain the bullish price sequence of higher highs and higher lows. Attention is on 1.3773 next, May 1 2018 high. Near-term firm support has been defined at 1.3520, Jan 18 low. A breach would signal scope for a deeper short-term sell-off and expose 1.3452, Jan 11 low. Initial support is at 1.3610, Tuesday's low.