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GBPUSD TECHS

Bearish Price Sequence

AUSSIE BONDS

Sharp Sell Off After Holiday, RBA Terminal Pricing Jumps

UK

Timeline of key events (Times BST)

EUROZONE

Timeline of key events (Times BST)

BTP TECHS

(Z2) Trend Needle Still Points South

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‌‌(U2)‌‌ Retracement Extends

US 10YR FUTURE TECHS
  • RES 4: 121-28+ 1.382 proj of the 14 - 23 - 28 price swing
  • RES 3: 121-10 1.236 proj of the 14 - 23 - 28 price swing
  • RES 2: 120-19+ High May 26 and a key resistance
  • RES 1: 119-05/120-16+ High Jul 7 / High Jul 6 and the bull trigger
  • PRICE: 117-28 @ 15:44 BST Jul 8
  • SUP 1: 117-12 50.0% retracement of the Jun 14 - Jul 6 rally
  • SUP 2: 116-11 Low Jun 28 and a key near-term support
  • SUP 3: 115-20 Low Jun 17
  • SUP 4: 114-05+ Low Jun 14 and the bear trigger

Treasuries continue to retreat and the contract is softer following Friday's NFP data. The current pullback is still considered corrective, as long as price is above to remain above support at 116-11, the Jun 28 low. A break of this support is required to strengthen a bearish threat and would signal scope for a deeper retracement. On the upside, a reversal higher would refocus attention on the short-term bull trigger at 120-16+, Wednesday’s high.

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  • RES 4: 121-28+ 1.382 proj of the 14 - 23 - 28 price swing
  • RES 3: 121-10 1.236 proj of the 14 - 23 - 28 price swing
  • RES 2: 120-19+ High May 26 and a key resistance
  • RES 1: 119-05/120-16+ High Jul 7 / High Jul 6 and the bull trigger
  • PRICE: 117-28 @ 15:44 BST Jul 8
  • SUP 1: 117-12 50.0% retracement of the Jun 14 - Jul 6 rally
  • SUP 2: 116-11 Low Jun 28 and a key near-term support
  • SUP 3: 115-20 Low Jun 17
  • SUP 4: 114-05+ Low Jun 14 and the bear trigger

Treasuries continue to retreat and the contract is softer following Friday's NFP data. The current pullback is still considered corrective, as long as price is above to remain above support at 116-11, the Jun 28 low. A break of this support is required to strengthen a bearish threat and would signal scope for a deeper retracement. On the upside, a reversal higher would refocus attention on the short-term bull trigger at 120-16+, Wednesday’s high.