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EGB SYNDICATION

Austria 15y RAGB syndication preview

BUNDS

Test initial target

SILVER TECHS

Bearish Focus

STERLING
STERLING: Sterling retains a buoyant tone into Europe on extended react to the
passing of the "Cooper bill".
- GBPUSD squeezed to fresh session highs of $1.3187, before fading. Expect
resistance on approach to the $1.32 level, a break could accelerate the move
toward $1.3223/27 which represents the 100-wma & 61.8% retracement level of
$1.3381-1.2978.
- GBPJPY topped out at Y146.96 with bulls focus on a clean break of the Y147.00
level, before challenging the Apr 3 high at Y147.19. Above here opens the 76.4%
fibo of Y148.87-143.83 at Y147.68.
- EURGBP bears need to clear Gbp0.8500 to bring the 200-wma & ytd low back into
view at Gbp0.8493/72.
- GBPNZD improved to NZ$1.9432, targeting a break of the double-top resistance
area at NZ$1.9465/70.