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EUROZONE ISSUANCE

EGB Supply For W/C June 20, 2022 (2/2)

USDJPY TECHS

Trend Condition Remains Bullish

EUROZONE ISSUANCE

EGB Supply For W/C June 20, 2022 (1/2)

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Impulsive Sell-Off Extends

GBPUSD TECHS
  • RES 4: 1.3090/3147 High Apr 21 / High Apr 14
  • RES 3: 1.2974 Low Apr 13 and a recent breakout level
  • RES 2: 1.2772/2942 High Apr 26 / 20-day EMA
  • RES 1: 1.2602 High Apr 27
  • PRICE: 1.2443 @ 17:02 BST Apr 28
  • SUP 1: 1.2412 Low Apr 28
  • SUP 2: 1.2375 2.382 proj of the Mar 23 - Apr 13 - 14 price swing
  • SUP 3: 1.2252 Low Jun 29 2020
  • SUP 4: 1.2162 Low May 22 2020

Bearish pressure in GBPUSD continues to dominate and the downtrend continues to accelerate. The pair has cleared 1.2974, Apr 13 low and 1.2676, last printed in September 2020. The trend remains oversold: the 14d RSI is now below 18 - the lowest point since March 2020 and the initial wave of lockdowns that followed COVID. A reversal pattern is still required to signal a base though. The focus is 1.2423 next, a Fibonacci projection.

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  • RES 4: 1.3090/3147 High Apr 21 / High Apr 14
  • RES 3: 1.2974 Low Apr 13 and a recent breakout level
  • RES 2: 1.2772/2942 High Apr 26 / 20-day EMA
  • RES 1: 1.2602 High Apr 27
  • PRICE: 1.2443 @ 17:02 BST Apr 28
  • SUP 1: 1.2412 Low Apr 28
  • SUP 2: 1.2375 2.382 proj of the Mar 23 - Apr 13 - 14 price swing
  • SUP 3: 1.2252 Low Jun 29 2020
  • SUP 4: 1.2162 Low May 22 2020

Bearish pressure in GBPUSD continues to dominate and the downtrend continues to accelerate. The pair has cleared 1.2974, Apr 13 low and 1.2676, last printed in September 2020. The trend remains oversold: the 14d RSI is now below 18 - the lowest point since March 2020 and the initial wave of lockdowns that followed COVID. A reversal pattern is still required to signal a base though. The focus is 1.2423 next, a Fibonacci projection.