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GBPUSD TECHS

Key Support Still Exposed

EURUSD TECHS

Topping 50-day EMA

EQUITIES

J&J Drags on Dow, DJIA Underperforms

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  • RES 4: 149.67 High Feb 23
  • RES 3: 149.50 High Feb 24
  • RES 2: 149.17 High Mar 3
  • RES 1: 148.48 High Mar 4
  • PRICE: 147.99 @ Close Mar 5
  • SUP 1: 147.56 Low Mar 5
  • SUP 2: 147.39 76.4% retracement of the Feb 26 - Mar 3 bounce
  • SUP 3: 146.84 Low Feb 26 and key support
  • SUP 4: 146.00 Round number support

BTP futures remain in a bear mode following the strong sell-off from 151.88, Feb 12 high. The recent corrective bounce stalled at 149.17, Mar 3 high and the subsequent sell-off signals scope for a retest of 146.84, Feb 26 low. A breach of this level would confirm a resumption of the current bear leg. On the upside, clearance of resistance at 149.17 would instead signal scope for stronger bounce.