EM ASIA CREDIT: Security Bank Corporation: Q3 earnings released

• RES 4: 119.000 Round number resistance        
• RES 3: 118.818 61.8% of the Apr 7 - Aug 15 bear leg (cont.)   
• RES 2: 118.680 2.000 proj of the Oct 6 - 8 - 9 price swing  
• RES 1: 118.630 High Oct 14    
• PRICE: 118.470 @ 06:15 BST Oct 15
• SUP 1: 118.150/117.992 Low Oct 13 / 20-day EMA  
• SUP 2: 117.710 Low Oct 6  
• SUP 3: 117.630 Low Oct 1   
• SUP 4: 117.470 Low Sep 25 and a key support  

A strong rally in Bobl futures on Friday followed by a bullish start to this week’s session reinforces the current uptrend that started Sep 25. The break higher has resulted in a breach of resistance at 118.400, the Sep 8 and 10 high. This break strengthens a bullish condition and sights are on 118.680, a Fibonacci projection. On the downside, initial key support lies at 117.992, the 20-day EMA. A breach of this EMA is required to signal a possible reversal.

• RES 4: 1.3789 High Jul 1 and key resistance    
• RES 3: 1.3726 High Sep 17 
• RES 2: 1.3661 High Sep 18
• RES 1: 1.3422/3527 20-day EMA / High Oct 1 and a pivot level 
• PRICE: 1.3353 @ 06:28 BST Oct 15
• SUP 1: 1.3249 Low Oct 14
• SUP 2: 1.3220 0.764 proj of the Sep 17 - 25 - Oct 1 price swing 
• SUP 3: 1.3142 Low Aug 1 and a key support
• SUP 4: 1.3041 Low Apr 14           

A short-term bear condition in GBPUSD remains intact. Recent weakness has resulted in the break of a key short-term support at 1.3333, the Sep 3 low. This signals scope for a deeper retracement. Attention is on 1.3280, a Fibonacci retracement, it has been pierced. A clear break of it would open key support at 1.3142, the Aug 1 low. Initial resistance to watch is unchanged at 1.3422, the 20-day EMA.