LOOK AHEAD: Eurozone Timeline of Key Events (Times GMT)

• RES 4: 178.94 1.236 proj of the Jul 31 - Sep 29 - Oct 2 price swing  
• RES 3: 177.67 1.000 proj of the Jul 31 - Sep 29 - Oct 2 price swing 
• RES 2: 177.00 Round number resistance 
• RES 1: 176.25 Intraday high      
• PRICE: 175.97 @ 07:16 BST Oct 6
• SUP 1: 173.92 Intraday low
• SUP 2: 172.27 Low Oct 2 and key support   
• SUP 3: 171.12 Low Aug 28  
• SUP 4: 170.62 Low Aug 6   

The trend in EURJPY is unchanged, it remains bullish. Today’s strong start to this week’s session reinforces current conditions. The cross has cleared resistance at 175.13, the Sep 29 high, to confirm a resumption of the primary uptrend. This maintains the bullish sequence of higher highs and higher lows and opens the 177.00 handle next. On the downside, key short-term support has been defined at 172.27, the Oct 2 low.

• RES 4: 122.56 0.764 proj of the Apr 9 - May 8 - 14 price swing (cont)
• RES 3: 121.88 0.618 proj of the Apr 9 - May 8 - 14 price swing (cont) 
• RES 2: 121.00 Round number resistance
• RES 1: 120.74 High Aug 5 and the bull trigger
• PRICE: 119.97 @ Close Oct 3
• SUP 1: 119.06/118.36 Low Sep 4 / 3         
• SUP 2: 118.00 Round number support
• SUP 3: 117.70 2.236 proj of the Aug 5 - 12 - 14 price swing  
• SUP 4: 117.36 2.500 proj of the Aug 5 - 12 - 14 price swing 

The primary trend condition in BTP futures is unchanged, it remains bullish and the most recent pullback appears to have been a correction. The strong rally that started Sep 3 reinforces a bull theme and signals the end of the larger corrective pullback between Aug 5 - Sep 3. Key resistance and the bull trigger is 120.74, the Aug 5 high. A break of this hurdle would confirm a resumption of the trend. Key support to watch lies at 118.36, the Sep 3 low. 

Sovereign rating reviews of note from after hours on Friday include:

• Fitch upgraded Slovenia to A+; Outlook Stable