EURJPY TECHS: Bullish Theme
* RES 4: 180.75 Top of a bull channel drawn from the Feb 28 low * RES 3: 180.00 Psychological round ...
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GILTS: Opening Calls
Gilt Opening Calls: 91.10/91.17.
EQUITIES: EU Opening Calls - Defense Stocks in Focus
Today's focus will likely be on Defense Stocks on both sides of the Pond given that latest surprising post from Trump, saying that Ukraine is in a position to fight and WIN all of Ukraine back in its original form with financial support from NATO and the European Union, to regain all of the territory it has lost to Russia.
Rubio also followed up with "The president is a very patient man; he's very committed to peace, but his patience is not infinite."
- EU Calls: Estox 50: +0.15%, Dax: +0.05%, CAC: +0.07%, FTSE +0.20%, SMI -0.26%.
AUDUSD TECHS: Recent Pullback Appears Corrective
- RES 4: 0.6793 1.500 proj of the Jun 23 - Jul 24 - Aug 21 price swing
- RES 3: 0.6763 1.382 proj of the Jun 23 - Jul 24 - Aug 21 price swing
- RES 2: 0.6726 1.236 proj of the Jun 23 - Jul 24 - Aug 21 price swing
- RES 1: 0.6660/6707 High Sep 18 / 17
- PRICE: 0.6617 @ 07:55 BST Sep 24
- SUP 1: 0.6575/6551 Low Sep 22 / 50-day EMA
- SUP 2: 0.6527 61.8% retracement of the Aug 21 - Sep 17 bull leg
- SUP 3: 0.6463/6415 Low Aug 27 / Low Aug 21 / 22 and a bear trigger
- SUP 4: 0.6373 Low Jun 23
The AUDUSD uptrend remains intact and the latest pullback is considered corrective - for now. The recent rally plus the breach of 0.6625, the Jul 24 high and bull trigger, confirmed a resumption of the uptrend. The climb opens the 0.6726 next, a Fibonacci projection. MA studies are in a bull-mode position highlighting a dominant uptrend. Key support to watch is 0.6415, the Aug 21 / 22 low. Initial firm support to watch is 0.6551, the 50-day EMA.
