USDJPY TECHS: Recovery Extends
Feb-19 06:26
* RES 4: 159.45 High Jan 14 and the bull trigger * RES 3: 157.76 High Feb 9 * RES 2: 156.29 High Feb...
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GBPUSD TECHS: Potential Reversal Signal
Jan-20 06:24
- RES 4: 1.3726 High Sep 17 and a key resistance
- RES 3: 1.3661 High Sep 18
- RES 2: 1.3607 2.764 proj of the Nov 4 - 13 - 20 price swing
- RES 1: 1.3495/3568 High Jan 13 / 6 and the bull trigger
- PRICE: 1.3440 @ 06:23 GMT Jan 20
- SUP 1: 1.3331 Low Jan 19 and the bear trigger
- SUP 2: 1.3312 Low Dec 17
- SUP 3: 1.3289 50.0% retracement of the Nov 4 - Jan 6 bull leg
- SUP 4: 1.3223 61.8% retracement of the Nov 4 - Jan 6 bull leg
A recovery in GBPUSD from Monday's low highlights a potential early reversal signal. Initial key resistance has been defined at 1.3495, the Jan 13 high. A stronger recovery and a move above this short-term hurdle would strengthen the reversal threat. On the downside, support to watch lies at the Jan 19 low of 1.3331. Clearance of it would confirm a resumption of the recent bear cycle and open 1.3312, the Dec 17 low.
US TSY OPTIONS: TYH6 111.50 Puts Lifted
Jan-20 06:23
TYH6 111.50 puts paper paid 0-32 on ~5K.
LOOK AHEAD: UK Timeline of Key Events (Times GMT)
Jan-20 06:23
| Date | Time | Period | Event |
| 20-Jan | 0700 | Nov/Dec | Labour Market Report |
| 20-Jan | 0945 | --- | BOE Bailey, Ramsden at TSC on FSR |
| 21-Jan | 0001 | --- | Brightmine pay deals for whole economy |
| 21-Jan | 0700 | Dec | Consumer Inflation Report / Producer Prices |
| 21-Jan | 1100 | Jan | CBI Industrial Trends |
| 22-Jan | 0700 | Dec | Public Sector Finances |
| 22-Jan | 1100 | Jan | CBI Distributive Trades |
| 23-Jan | 0001 | Jan | Gfk Monthly Consumer Confidence |
| 23-Jan | 0700 | Dec | Retail Sales |
| 23-Jan | 0930 | Jan | S&P Global Manuf / Serv / Comp PMI (p) |
| 23-Jan | 0930 | --- | BOE Greene Speech at Resolution Foundation |
| 23-Jan | 0930 | --- | BOE Publishes Forecast Evaluation Report |
| 27-Jan | 0001 | Jan | BRC Monthly Shop Price Index |
| 30-Jan | 0930 | Dec | BOE Lending to Individuals / M4 |
| 02-Feb | 0930 | Jan | S&P Global Manufacturing PMI (f) |
| 04-Feb | 0930 | Jan | S&P Global Services / Composite PMI (f) |
