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Will The Deflationary Forces Win Again?

EURGBP TECHS

Stalls Ahead Of Key Resistance

PIPELINE

$1.3B NatWest 2Pt Launched

GBPUSD TECHS

Bounce Leaves Triangle Base Intact

FED

Reverse Repo Operation

EURO-YEN TECHS
EURO-YEN TECHS: Recovery Stalls Below 76.4% Fibo Retrace Level
*RES 4: Y133.06 Feb 21 high
*RES 3: Y132.30/47 1% vol band, Mar 13 high, 38.2% Fibo
*RES 2: Y131.73/77 Mar 20 high, 76.4% Fibo of Y132.44-Y129.61
*RES 1: Y131.15/35 Hourly resistance
*PRICE: Y130.55 @1518GMT
*SUP 1: Y130.20/30 Intraday low, hourly support
*SUP 2: Y130.08 Hourly base Mar 16
*SUP 3: Y129.61 Mar 19 low
*SUP 4: Y129.35 Mar 5 low
*COMMENTARY* The recovery from Y129.61 has stalled just below the 76.4% Fibo
retrace level at Y131.77. Some near term overbought conditions putting an end to
the rise at Y131.73. Subsequent pullback has broken below Y130.35 support, loss
concerns but the Y130.08 level currently remains more pivotal to direction.
Below would swing bias back to the downside. Above Y131.77 and scope to increase
gains toward Y132.30-Y132.47, where equally important upside decisions are made.