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JGB TECHS

(U1) Tilted Higher

AUSSIE 10-YEAR TECHS

(U1) Uptrend Weakening

US TSYS SUMMARY

Bullard Kickstarts Reflation Unwind Theme

AUDUSD TECHS

Fresh 2021 Lows

TECHS: (Z0) Off Recent Highs

BTPS
  • RES 4: 153.09 1.000 of Jun 10 - Aug 20 swing from Sep 9 low (cont)
  • RES 3: 152.00 Round number resistance
  • RES 2: 151.17 0.764 of Jun 10 - Aug 20 swing from Sep 9 low (cont)
  • RES 1: 150.46 High Oct 16 and the bull trigger
  • PRICE: 149.15 @ Close Oct 20
  • SUP 1: 148.83 Low Oct 20
  • SUP 2: 148.76 20-day EMA
  • SUP 3: 148.03 38.2% retracement of the Sp 1 - Oct 16 rally
  • SUP 4: 147.27 50.0% retracement of the Sp 1 - Oct 16 rally

BTPS outlook remains bullish despite this week's pullback, a correction. Last week's climb resulted in the contract extending gains into uncharted territory, maintaining the bullish price sequence of higher highs and higher lows that defines an uptrend. Resistance and the bull trigger is located at 150.46, Oct 16 high. Price is approaching the 20-day EMA at 148.76. A breach of the average would signal scope of a deeper pullback towards 148.00.

MNI London Bureau | +44 203-586-3805 | taso.anastasiou.ext@marketnews.com