Daily Forecast - 01 April 2014
Short Sterling
Sept 14 Support at 9936/35, 9932/31, 9927, 9924/23, 9920/19 (December low). Resistance 9939 (December/February high), 9941, 9943/44, 9947.
Dec 14 Support at 9922, 9920, 9917/16 (February low), 9913, 9909, 9905/03 (December/January low). Resistance at 9925, 9928, 9930 (December/February high), 9933, 9936/37.
March 15 support at 9904, 9902, 9898 (February low), 9896/95, 9891, 9888/87 (January low), 9883 (December low). Resistance at 9907/08, 9911, 9913 (March high), 9917 (February high).
June 15 support at 9882, 9878/77 (February low), 9872, 9870/69, 9864(January low). Resistance at 9886, 9888, 9891/92, 9895 (March high).
Bobl June contract
Bobl held immediate resistance at 125.53/55 but then collapsed unexpectedly through 125.32/29 to 125.20. The bounce took us back to the short term Fibonacci level at 125.41/40. If we continue higher today look for resistance at 125.53/55 but above 125.65 could retest the 3 week high at 125.76/77.
Failure to beat 125.41 keeps the market under pressure for 125.29 then yesterday's low & short term Fibonacci support at 125.20/18. Be aware that a break lower this week targets 125.05/02.
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