BOBL TECHS: (U5) Bear Cycle Extends
Jul-11 05:23
* RES 4: 118.390 High Jun 13 and a key resistance * RES 3: 118.060 High Jun 20 * RES 2: 117.980 High...
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LOOK AHEAD: UK Timeline of Key Events (Times BST)
Jun-11 05:23
| Date | UK | Period | Event |
| 11-Jun | 0730 | ---- | BOE Saporta Speech At Bank of Finland Conference |
| 11-Jun | 1230 | ---- | Chancellor Reeves presents Spending Review |
| 12-Jun | 0700 | Apr | GDP / Services / Production / Trade / Construction |
| 13-Jun | 0001 | May | KPMG/REC Jobs Report |
| 13-Jun | 0930 | May | Bank of England/Ipsos Inflation Attitudes Survey |
| 18-Jun | 0700 | May | Consumer inflation report |
| 19-Jun | 1200 | ---- | Bank Of England Interest Rate |
| 20-Jun | 0001 | Jun | Gfk Monthly Consumer Confidence |
| 20-Jun | 0700 | May | Public Sector Finances / Retail Sales |
| 20-Jun | 1630 | Q3 | BOE to announce Q3 APF sales schedule |
| 23-Jun | 0930 | Jun | S&P Global PMI flash |
| 24-Jun | 1100 | Jun | CBI Industrial Trends |
| 25-Jun | 0001 | Jun | Brightmine pay deals for whole economy |
LOOK AHEAD: Eurozone Timeline of Key Events (Times BST)
Jun-11 05:18
| Date | Time | Country | Event |
| 11-Jun | 1030 | EU | ECB Lane At 2025 Government Borrowers Forum |
| 11-Jun | 1300 | EU | ECB Cipollone On Digital Payments Panel |
| 12-Jun | 1000 | EU | ECB Schnabel Visits "House of the Euro" |
| 12-Jun | 1300 | EU | ECB de Guindos At Financial Integration Conference |
| 12-Jun | 1320 | EU | ECB Schnabel At Financial Integration Conference |
| 12-Jun | 1515 | EU | ECB Elderson At Senior Supervisors Conference |
| 13-Jun | 0700 | DE | HICP (f) |
| 13-Jun | 0745 | FR | HICP (f) |
| 13-Jun | 0800 | ES | HICP (f) |
| 13-Jun | 1000 | EU | Industrial Production / Trade Balance |
| 13-Jun | 1600 | EU | ECB Elderson At Senior Supervisor's Conference |
| 16-Jun | 0900 | IT | HICP (f) |
| 16-Jun | 1130 | EU | ECB Cipollone At Osservatorio Banca Impresa Meeting |
| 17-Jun | 1000 | DE | ZEW Current Expectations Index |
| 18-Jun | 0830 | EU | ECB Elderson At SRB Legal Conference 2025 |
| 18-Jun | 0900 | EU | EZ Current Account |
| 18-Jun | 1000 | EU | HICP (f) |
| 18-Jun | 1600 | EU | ECB Lane At Macroprudential Conference |
GBPUSD TECHS: Pullback Considered Corrective
Jun-11 05:14
- RES 4: 1.3800 Round number resistance
- RES 3: 1.3757 1.618 proj of the Feb 28 - Apr 3 - 7 price swing
- RES 2: 1.3681 1.500 proj of the Feb 28 - Apr 3 - 7 price swing
- RES 1: 1.3616 High Jun 5
- PRICE: 1.3484 @ 16:13 BST Jun 11
- SUP 1: 1.3466 20-day EMA
- SUP 2: 1.3335/3306 Low May 20 / 50-day EMA
- SUP 3: 1.3140 Low May 12 and key support
- SUP 4: 1.3041 Low Apr 14
Trend signals in GBPUSD remain bullish and the latest pullback appears to be corrective. A fresh cycle high last week, confirmed a resumption of the uptrend and an extension of the price sequence of higher highs and higher lows. This opens 1.3681 next, a Fibonacci projection. Support at 1.3466, the 20-day EMA, has been breached. A clear break of it would suggest potential for a deeper correction and expose the 50-day EMA, at 1.3306.
