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GBPUSD TECHS

Outlook Remains Bullish

EUROSTOXX50 TECHS

(Z2) Continues To Climb

EURUSD TECHS

Recovering From Monday’s Low

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(Z2) Uptrend Intact

GILT TECHS
  • RES 4: 109.47 High Aug 31 (cont)
  • RES 3: 108.59 61.8% of the Aug 2 - Oct 12 bear leg (cont)
  • RES 2: 108.00 Round number resistance
  • RES 1: 107.17 High Nov 17
  • PRICE: 106.71 @ Close Nov 22
  • SUP 1: 104.64 Low Nov 16
  • SUP 2: 103.14 50-day EMA
  • SUP 3: 101.60 Low Nov 9
  • SUP 4: 99.92 Low Nov 8 and key short-term support

Short-term trend conditions in Gilt futures are unchanged and remain bullish. The contract is holding on to its recent gains. Price traded higher last week, extending the current uptrend and the recent break of 104.39, Oct 27 high, confirmed a bull flag formation on the daily chart, reinforcing bullish conditions. This has opened 108.59, a Fibonacci retracement on the continuation chart. Initial firm support lies at 103.14, the 50-day EMA.

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  • RES 4: 109.47 High Aug 31 (cont)
  • RES 3: 108.59 61.8% of the Aug 2 - Oct 12 bear leg (cont)
  • RES 2: 108.00 Round number resistance
  • RES 1: 107.17 High Nov 17
  • PRICE: 106.71 @ Close Nov 22
  • SUP 1: 104.64 Low Nov 16
  • SUP 2: 103.14 50-day EMA
  • SUP 3: 101.60 Low Nov 9
  • SUP 4: 99.92 Low Nov 8 and key short-term support

Short-term trend conditions in Gilt futures are unchanged and remain bullish. The contract is holding on to its recent gains. Price traded higher last week, extending the current uptrend and the recent break of 104.39, Oct 27 high, confirmed a bull flag formation on the daily chart, reinforcing bullish conditions. This has opened 108.59, a Fibonacci retracement on the continuation chart. Initial firm support lies at 103.14, the 50-day EMA.