Trial now
EURUSD TECHS

Bearish Price Sequence Extends

BOND SUMMARY

Core FI Little Changed In Asia

SNAPSHOT

China Resilient, Other Markets Struggle

EUROSTOXX50 TECHS

(U1) Bear Cycle Still In Play

BTP TECHS

(U1) Uptrend Extends

GILT TECHS

(U1) Clears Resistance

Sign up now for free access to this content.

Please enter your details below and select your areas of interest.

  • RES 4: 1.4203/48 High Jun 3 / High Jun 1 and the bull trigger
  • RES 3: 1.4133 High Jun 16
  • RES 2: 1.4013 50-day EMA
  • RES 1: 1.4001 High Jun 23
  • PRICE: 1.3925 @ 05:52 BST Jun 25
  • SUP 1: 1.3787 Low Jun 21
  • SUP 2: 1.3717 Low Apr 16
  • SUP 3: 1.3669 Low Apr 12 and a key support
  • SUP 4: 1.3567 Low Apr 2

GBPUSD remains vulnerable despite recent gains. This follows recent weakness that resulted in the break of short-term support levels - price cleared the 50-day EMA and 1.4006, May 13 low. The pair has also traded through the 100-DMA, reinforcing current bearish conditions. Scope is seen for an extension lower towards 1.3717, Apr 14 low. On the upside, initial firm resistance is seen at 1.4013, the 50-day EMA. The bear trigger is 1.3787.