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AUDUSD TECHS

Sizeable Resistance Building

EURJPY TECHS

Needle Still Points North

USDJPY TECHS

Bullish Argument Down, But Not Out

EURGBP TECHS

Attention Is On Resistance

EQUITIES

Stocks Higher as Stimulus Here to Stay

COMMODITIES

Gold Extends Uptrend, 200-dma Eyed

CABLE
MNI (London)
CABLE: *** Bank reports begin to suggest that we may have seen a temporary low
in sterling, Deutsche Bank in a morning note has suggested that Eur/Gbp's rise
begins to look overstretched, highlighting that data surprises are showing
tentative signs of improvement. This along with signs that Brexit negotiations
are shifting to a more 'realistic view'. Traders in Asia and Europe have
highlighted resistance at the $1.2840 level, technical trend resistance/channel
top from $1.3160(Aug4), offers have been reported into this level with
additional suggestions that stops likely placed on a break above, though cable
seen needing a break of $1.2918-39 to begin negating the recent bearish tone.
Support noted between $1.2765/50, a break here to open potential for a deeper
move toward $1.2700. Eur/Gbp holds back above Gbp0.9200 but remains well off its
recent highs of Gbp0.92335-0.92365. A break of Gbp0.9190/70 area needed to
provide better relief to upside pressure.    
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com