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USDCAD TECHS

Stronger In a Range

AUDUSD TECHS

Weaker In A Range

US TSYS SUMMARY

Ending The Week On A Soft Note

EURJPY TECHS

Bearish Risk Growing

USDJPY TECHS

Stronger, But Still Vulnerable

US

SP500 PE Ratio vs. CPI Inflation

(Z0) Focus Is On Key Resistance

GILT TECHS
  • RES 4: 137.44 High Aug 7
  • RES 3: 137.14 0.764 proj of Aug 28 - Sep 21 rally from Oct 7 low
  • RES 2: 137.04 High Sep 21 and a key resistance
  • RES 1: 136.97 High Oct 16
  • PRICE: 136.97 @ Close Oct 19
  • SUP 1: 136.27 Low Oct 15
  • SUP 2: 135.50 Low Oct 14
  • SUP 3: 135.06 Low Oct 7 and the bear trigger
  • SUP 4: 134.96 76.4% retracement of the Aug 28 - Sep 28 rally

Gilts maintain a bullish outlook following last week's gains. Attention is on the next key resistance at 137.04, Sep 21 high and the bull trigger Clearance of this hurdle would reinforce last week's bullish reversal and open 137.14 and potentially 137.78 further out, both Fibonacci projection levels. Initial support lies at 136.27, Oct 15 low. A break would dampen the current positive outlook and signal scope for a deeper corrective pullback.

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