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GBPUSD TECHS

Approaching Key Resistance

SCHATZ TECHS

(Z2) Key Support Remains Exposed

AUSSIE BONDS

Notably Firmer As The Day Wore On

EURUSD TECHS

Testing Key Resistance

BOBL TECHS

(Z2) Outlook Remains Bearish

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(Z2) Bear Trend Intact Despite Bounce

SCHATZ TECHS
  • RES 4: 107.585 High Sep 19
  • RES 3: 107.461 20-day EMA
  • RES 2: 107.380 High Sep 20
  • RES 1: 107.035 High Sep 22
  • PRICE: 106.895 @ 05:20 BST Sep 29
  • SUP 1: 106.513 2.236 proj of the Aug 25 - Sep 1 - Sep 6 price swing
  • SUP 2: 106.379 2.382 proj of the Aug 25 - Sep 1 - Sep 6 price swing
  • SUP 3: 106.000 Round number support
  • SUP 4: 105.800 Low Nov 2008 (cont)

The Schatz futures trend direction is unchanged and remains down despite yesterday’s recovery. Recent fresh trend lows confirm an extension of the bear cycle. This also maintains the current bearish price sequence of lower lows and lower highs with moving average studies in a bear mode position. The focus is on 106.513 next, a Fibonacci projection. On the upside, initial firm resistance is seen at 107.461, the 20-day EMA.

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  • RES 4: 107.585 High Sep 19
  • RES 3: 107.461 20-day EMA
  • RES 2: 107.380 High Sep 20
  • RES 1: 107.035 High Sep 22
  • PRICE: 106.895 @ 05:20 BST Sep 29
  • SUP 1: 106.513 2.236 proj of the Aug 25 - Sep 1 - Sep 6 price swing
  • SUP 2: 106.379 2.382 proj of the Aug 25 - Sep 1 - Sep 6 price swing
  • SUP 3: 106.000 Round number support
  • SUP 4: 105.800 Low Nov 2008 (cont)

The Schatz futures trend direction is unchanged and remains down despite yesterday’s recovery. Recent fresh trend lows confirm an extension of the bear cycle. This also maintains the current bearish price sequence of lower lows and lower highs with moving average studies in a bear mode position. The focus is on 106.513 next, a Fibonacci projection. On the upside, initial firm resistance is seen at 107.461, the 20-day EMA.