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EUROZONE

Timeline of key events (Times BST)

BTP TECHS

(Z2) Trend Needle Still Points South

SNAPSHOT

Risk Negative Tone Reverberates In Asia

EUROSTOXX50 TECHS

(Z2) Bearish Price Action

EURUSD TECHS

Remains Vulnerable

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Holding On To Recent Gains

GBPUSD TECHS
  • RES 4: 1.2332 High Jun 27
  • RES 3: 1.2213 High Jun 29 / 50-day EMA
  • RES 2: 1.2125 High Jul 5
  • RES 1: 1.2090 High Jul 26
  • PRICE: 1.2054 @ 06:17 BST Jul 27
  • SUP 1: 1.1890/1760 Low Jul 21 / Low Jul 14 and the bear trigger
  • SUP 2: 1.1673 1.00 proj of the May 27 - Jun 14 - 16 price swing
  • SUP 3: 1.1640 Low Mar 25 2020
  • SUP 4: 1.1503 Low Mar 24 2020

GBPUSD is trading closer to its most recent highs and the pair remains in a short-term corrective bull cycle. Recent gains signal scope for a stronger short-term correction and attention is on the 50-day EMA at 1.2213 - a key resistance point. The primary trend direction is down. A resumption of weakness would refocus attention on 1.1673 next, a Fibonacci projection. The key support to watch is at 1.1760, the Jul 14 low and bear trigger.

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  • RES 4: 1.2332 High Jun 27
  • RES 3: 1.2213 High Jun 29 / 50-day EMA
  • RES 2: 1.2125 High Jul 5
  • RES 1: 1.2090 High Jul 26
  • PRICE: 1.2054 @ 06:17 BST Jul 27
  • SUP 1: 1.1890/1760 Low Jul 21 / Low Jul 14 and the bear trigger
  • SUP 2: 1.1673 1.00 proj of the May 27 - Jun 14 - 16 price swing
  • SUP 3: 1.1640 Low Mar 25 2020
  • SUP 4: 1.1503 Low Mar 24 2020

GBPUSD is trading closer to its most recent highs and the pair remains in a short-term corrective bull cycle. Recent gains signal scope for a stronger short-term correction and attention is on the 50-day EMA at 1.2213 - a key resistance point. The primary trend direction is down. A resumption of weakness would refocus attention on 1.1673 next, a Fibonacci projection. The key support to watch is at 1.1760, the Jul 14 low and bear trigger.