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US EURODLR OPTIONS

BLOCK, Green June Call Fly

RUSSIA

Russia 1Q21 GDP Prints Above Expectations

Pulls Back From Key Resistance

GBPUSD TECHS
  • RES 4: 1.3804 High Apr 30, 2018
  • RES 3: 1.3773 High May 1, 2018
  • RES 2: 1.3750 0.764 proj of May 18 - Sep 1 rally from Sep 23 low
  • RES 1: 1.3710/12 Jan 14 high / Low Mar 1, 2018
  • PRICE: 1.3564 @ 05:05 GMT Jan 15
  • SUP 1: 1.3564 20-day EMA
  • SUP 2: 1.3505 Low Jan 12
  • SUP 3: 1.3452 Low Jan 11 and key near-term support
  • SUP 4: 1.3430 Low Dec 28

GBPUSD retreated Friday, opening a gap with recent highs after Thursday saw resistance at 1.3704, the Jan 4 high and bull trigger probed. A clear breach of this hurdle would confirm a resumption of the current uptrend and open 1.3773, the May 1, 2018 high. Key short-term support has been defined at 1.3452, Jan11 low. A break would signal a near-term reversal. 1.3564 marks initial support, the 20-day EMA.

MNI London Bureau | +44 203-865-3806 | krzysztof.kruk@marketnews.com