EURJPY TECHS

Breaks Through Channel Base

USDJPY TECHS

Attention Remains On The Bear Channel Top

EURGBP TECHS

Approaching Key Support

GBPUSD TECHS

Pulls Back From Key Resistance

EURUSD TECHS

Sell-Off Extends

EQUITIES

European Stocks Edge Higher

(U0) Range Breakout

BOBL TECHS
  • RES 4: 135.757 76.4% retrace of the May 4 - Jun 10 decline (cont)
  • RES 3: 135.500 High May 22 (cont)
  • RES 2: 135.421 61.8% retrace of the May 4 - Jun 10 decline (cont)
  • RES 1: 135.340 High May 18
  • PRICE: 135.320 @ 04:52 BST Jul 31
  • SUP 1: 134.940 Low Jul 29
  • SUP 2: 134.610/560 Low Jul 20 / Low Jul 13
  • SUP 3: 134.510 Low Jul 2 and key support
  • SUP 4: 134.410 Low Jun 17

Bobl futures are firmer having rallied yesterday, clearing the former resistance at 135.080, Jun 29 high. The break confirms a range breakout and also a resumption of the recovery that has been in place since Jun 5. This sets the scene for a climb towards 135.421 (cont), 61.8% of the Apr - Jun sell-off. A break here would open 135.500, Jun 22 low (cont). On the downside, support is at 134.940, Jul 29 low.

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