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GBPUSD TECHS

Eyeing Key Resistance

EURUSD TECHS

Maintains A Bullish Tone

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  • RES 4: 134-06+ High Feb 25
  • RES 3: 133-23 High Mar 2
  • RES 2: 133-00+ High Mar 11
  • RES 1: 132-24+ Apr 22 high and key short-term resistance
  • PRICE: 132-07 @ 16:19 BST Apr 27
  • SUP 1: 131-31+ Low Apr 14
  • SUP 2: 131-12 Low Apr 13 and key near-term support
  • SUP 3: 131-03+ Low Apr 6
  • SUP 4: 130-25+ Low Apr 5 and the bear trigger

US 10y futures traded higher last week but found resistance at 132-24+, Apr 22 high. Recent gains still suggest scope for an extension higher and attention is on the 50-day EMA that intersects at 132-24. A clear break of the average would strengthen a bullish case and open 133-23, Mar 2 high. Initial firm support has been defined at 131-12, Apr 13 low. First support is unchanged at 131-31+, Apr 20 low.