Trial now
US EURODLR OPTIONS

Light Upside Call Spds

USDJPY TECHS

Dips Considered Corrective

EURGBP TECHS

Trend Signals Remain Bearish

Sign up now for free access to this content.

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

  • RES 4: 0.8670 High Jul 20 and key resistance
  • RES 3: 0.8659 High Jul 21
  • RES 2: 0.8614/18 High Sep 7 / 76.4% of the Jul 20 - Aug 10 sell-off
  • RES 1: 0.8613 High Sep 22 and a bull trigger
  • PRICE: 0.8538 @ 17:09 BST Sep 23
  • SUP 1: 0.8530 Sep 20 low
  • SUP 2: 0.8502/01 76.4% of the Aug 10 - Sep 7 rally / Low Sep 16
  • SUP 3: 0.8484 Low Aug 16
  • SUP 4: 0.8467/50 1.0% 10-dma envelope / Low Aug 10

EURGBP is sharply lower following Thursday's BOE announcement. The cross failed to challenge key resistance Wednesday at 0.8614, Sep 7 high. Further weakness would open initial support at 0.8530, Sep 20 low ahead of the key short-term support at 0.8501, Sep 16 low. A breach of this level would open 0.8484, Aug 16 low and 0.8450, Aug 10 low and the bear trigger. For bulls, clearance of 0.8614 is required to highlight a firmer bullish theme.