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USDCAD TECHS

Stronger In a Range

AUDUSD TECHS

Weaker In A Range

US TSYS SUMMARY

Ending The Week On A Soft Note

EURJPY TECHS

Bearish Risk Growing

USDJPY TECHS

Stronger, But Still Vulnerable

US

SP500 PE Ratio vs. CPI Inflation

CABLE TECHS
CABLE TECHS: 61.8% Retracement Level Is Key
*RES 4: 1.2670 50% retracement of the Mar 13 - Sep 3 decline
*RES 3: 1.2582 High Sep 20 / High Jul 15 and bull trigger
*RES 2: 1.2503 High Sep 24
*RES 1: 1.2381 High Sep 26
*PRICE: 1.2235 @ 09:03 GMT Oct 2
*SUP 1: 1.2207 Low Oct1
*SUP 2: 1.2197 61.8% Sep 3 - Sep 20 rise
*SUP 3: 1.2106 76.4% Sep 3 - Sep 20 rise
*SUP 4: 1.2079 Low Sep 4
GBPUSD is under pressure this morning and eyeing yesterday's low of 1.2207.
Prices are back below the 50-dma and the focus is on the 61.8% retracement level
at 1.2197. The retracement, at 1.2197 is an important pivot point. If the recent
pullback is a correction, 1.2197 would be expected to provide a firm support for
a renewed push higher. A clear break of the 50-dma and 1.2197 however would a
bearish development. 1.2381 marks initial resistance.