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MNI: FED'S POWELL STILL SEES POSSIBLE PATH TO SOFT LANDING

MNI: POWELL: FED PREPARED TO TIGHTEN FURTHER IF APPROPRIATE

FED'S GOOLSBEE: 'YOU CAN'T BACK OUT NOW' ON INFLATION FIGHT

MNI: BAKER HUGHES US RIG COUNT 625; OIL RIGS 505; GAS RIGS 116

EZ/UK T-Bill Calendar: Germany, Netherlands, France Due Monday

EZ/UK Bond Supply Calendar: BOE Long APF Operation on Monday

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

MNI BRIEF:Macklem-Fiscal Policy Turning Unhelpful On CPI Fight

MNI BRIEF: Stabilizing Prices Helps BOC Turn Neutral-Freeland

Bear Threat Remains Present

GBPUSD TECHS
Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsForeign Exchange News
  • RES 4: 1.2548 High Sep 11
  • RES 3: 1.2506 High Sep 14
  • RES 2: 1.2436 200-dma
  • RES 1: 1.2289/2337 High Oct 24 / 11 and the bull trigger
  • PRICE: 1.2181 @ 06:18 GMT Nov 2
  • SUP 1: 1.2037/28 Low Oct 04 and bear trigger / Low Mar 16
  • SUP 2: 1.2011 Low Mar 15 and a key support
  • SUP 3: 1.1964 3.00 proj of the Jul 14 - 24 - 27 price swing
  • SUP 4: 1.1908 Low Mar 10

GBPUSD remains in consolidation mode. The trend outlook is bearish and attention is on 1.2037, Oct 4 low and bear trigger. Clearance of this level would resume the downtrend that started in July and open 1.1964, a 3.00 projection of the Jul 14 - 24 - 27 price swing. For bulls, a break of 1.2337, the Oct 11 high, is required to signal scope for a stronger corrective cycle and highlight a short-term base.

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  • RES 4: 1.2548 High Sep 11
  • RES 3: 1.2506 High Sep 14
  • RES 2: 1.2436 200-dma
  • RES 1: 1.2289/2337 High Oct 24 / 11 and the bull trigger
  • PRICE: 1.2181 @ 06:18 GMT Nov 2
  • SUP 1: 1.2037/28 Low Oct 04 and bear trigger / Low Mar 16
  • SUP 2: 1.2011 Low Mar 15 and a key support
  • SUP 3: 1.1964 3.00 proj of the Jul 14 - 24 - 27 price swing
  • SUP 4: 1.1908 Low Mar 10

GBPUSD remains in consolidation mode. The trend outlook is bearish and attention is on 1.2037, Oct 4 low and bear trigger. Clearance of this level would resume the downtrend that started in July and open 1.1964, a 3.00 projection of the Jul 14 - 24 - 27 price swing. For bulls, a break of 1.2337, the Oct 11 high, is required to signal scope for a stronger corrective cycle and highlight a short-term base.