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BONDS

Making new highs

EGB OPTIONS

Bobl diagonal spread

BONDS

Rally continues

SOUTH AFRICA

Top40 Index Flirts With Bull Channel Lower Bound

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Fresh Trend Lows

EURGBP TECHS
  • RES 4: 0.8731 High Feb 26 and key resistance
  • RES 3: 0.8668 High Mar 3
  • RES 2: 0.8646 High Mar 24 and the S/T reversal trigger
  • RES 1: 0.8585 20-day EMA
  • PRICE: 0.8511 @ 06:10 GMT Apr 1
  • SUP 1: 0.8503 Low Mar 31 and intraday low
  • SUP 2: 0.8486 3.0% Lower Bollinger Band
  • SUP 3: 0.8430 Low Feb 27, 2020
  • SUP 4: 0.8356 Low Feb 26

EURGBP remains bearish and continues to register fresh trend lows. This maintains the current bearish price sequence of lower lows and lower highs, reinforcing a bearish theme. The cross has breached the 38.2% retracement of the 2015 - 2020 rally at 0.8521. An extension lower would open 0.8486, a volatility based support. Firm resistance is seen at 0.8646, Mar 24 high where a break is needed to signal a short-term reversal.

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