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USDCAD TECHS

Stronger In a Range

AUDUSD TECHS

Weaker In A Range

US TSYS SUMMARY

Ending The Week On A Soft Note

EURJPY TECHS

Bearish Risk Growing

USDJPY TECHS

Stronger, But Still Vulnerable

US

SP500 PE Ratio vs. CPI Inflation

(H1) Trend High Print

BTP TECHS
  • RES 4: 153.09 1.00 proj of Jun 10 - Aug 20 rally from Sep 9 (cont)
  • RES 3: 153.00 Round number resistance
  • RES 2: 152.77 138.2% retracement proj of the Nov 30 - Dec 1 sell-off
  • RES 1: 152.50 Trend high print, Dec 17
  • PRICE: 152.08 @ Close Dec 17
  • SUP 1: 151.86 Low Dec 16
  • SUP 2: 151.38 Low Dec 10 and key near-term support
  • SUP 3: 150.93 Low Dec 3
  • SUP 4: 150.31 Low Dec 1 and key support

BTPS is bullish despite yesterday's pullback following a fresh trend high print of 151.50. The recent break of 151.54, Nov 30 high confirmed an end to a corrective cycle and the underlying uptrend resumed. Trend conditions remain positive and price has this week maintained the sequence of higher highs and higher lows. The focus is on 152.77 next, a Fibonacci retracement projection. Initial firm support lies at 151.38, Dec 10 low.

MNI London Bureau | +44 203-586-3805 | taso.anastasiou.ext@marketnews.com