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MEXICO

USDMXN Remains Above March 2021 Highs

LIBOR

JAPAN FIX - 29/11/21

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  • RES 4: 133-12+ High Sep 22
  • RES 3: 132-21+ Low Aug 11 and recent breakout level
  • RES 2: 132-08+ High Oct 4
  • RES 1: 130-31/131-19+ High Oct 19 / High Oct 14
  • PRICE: 130-17 @ 11:31 BST Oct 21
  • SUP 1: 130-07 1.764 proj of the Aug 4 - 11 - 17 price swing
  • SUP 2: 130-00 Psychological round number
  • SUP 3: 129-03 50.0% of the Oct '18 - Mar '20 bull cycle
  • SUP 4: 128-17+ Low Jan 9, 2020 (cont)

Treasuries are unchanged and remain bearish. This week's move lower resulted in a break of the 130-25+ congestion support, Oct 11 - 13 lows and marked an extension of the bearish price sequence of lower lows and lower highs. This reinforces current sentiment and trend conditions with further downside likely. Attention is on 130-07, a Fibonacci projection and 130-00. Key resistance is at 131-19+, Oct 14 high.