Bund block trade, suggest seller:
Find more articles and bullets on these widgets:
The current bull cycle in BTP futures remains intact and the contract traded higher Tuesday, breaching last week’s highs. Price has recently cleared the 20-day EMA and last week’s rally resulted in a break of the 114.00 and 116.00 handles. The acceleration higher signals scope for a climb towards 117.93, the Dec 13 high. On the downside, initial key support has been defined at 114.46, the Jan 16 low.
GBPUSD is holding on to its recent gains and a bullish condition remains intact. The pair has recently cleared resistance at 1.2242, the Dec 19 high and today, has breached 1.2303, the 76.4% retracement of the Dec 14 - Jan 6 bear leg. The clear breach exposes 1.2446, the Dec 14 high and a key resistance. On the downside, initial firm support is seen at 1.2083, the Jan 9 low. Key support lies at 1.1842, the Jan 6 low.