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US

Pres Biden Budget Proposal Ests

EURJPY TECHS

Needle Still Points South

USDJPY TECHS

Resistance Remains Intact

FED

Reverse Repo Operation

FOREX

Softer Greenback Extends GBP Bounce

EURO-STERLING
EURO-STERLING: MNI ORDER BOARD
*Gbp0.8951/55 76.4% Gbp0.9032-0.8689, 1% vol band
*Gbp0.8924/25 Jan4 high/1.618% swing of Gbp0.8891-0.8836
*Gbp0.8919 Jan2 high
*Gbp0.8904/12 100-dma/Jan5 high
*Gbp0.8880 Jan4 low, now resistance
*Gbp0.8873/75 Jan10 high/Jan8 high
*Gbp0.8860 Intraday high
*Gbp0.8851 ***CURRENT MARKET RATE 1035GMT THURSDAY***
*Gbp0.88445 Intraday low Asia
*Gbp0.8835 Hourly support
*Gbp0.8827/13 200-dma/Jan10 low
*Gbp0.8809 Jan9 low *Gbp0.8810/05 Congestion area mid December
*Gbp0.8807 50% Gbp0.8690-0.8924
*Gbp0.8803/94 Dec19, Dec18 lows
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com