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PBOC Injects Net CNY71 Bln Via OMO Tues; Rates Unchanged

CHINA PBOC INJECTS CNY424 BILLION VIA 7-DAY REVERSE REPOS TUES

CHINA SETS YUAN CENTRAL PARITY AT 7.1768 TUES VS 7.1769

Fresh Cycle High On Monday

MNI: US OCT TREASURY BUDGET -66.6B

MNI: US TREASURY OCT BUDGET DEFICIT $66.6B VS $87.9B YR-AGO MONTH

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

Bearish Trend Sequence Intact

GBPUSD TECHS
Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsForeign Exchange News
  • RES 4: 1.2462 50-day EMA
  • RES 3: 1.2351 High Sep 21
  • RES 2: 1.2288 20-day EMA
  • RES 1: 1.2220 High Oct 2
  • PRICE: 1.2157 @ 05:56 BST Oct 5
  • SUP 1: 1.2037 Low Oct 04
  • SUP 2: 1.2028 Low Mar 16
  • SUP 3: 1.2011 Low Mar 15 and a key support
  • SUP 4: 1.1964 3.00 proj of the Jul 14 - 24 - 27 price swing

GBPUSD bears remain in the driver’s seat and this week’s fresh cycle lows reinforces bearish conditions. The extension lower maintains the price sequence of lower lows and lower highs and moving average studies are in a bear-mode position, reflecting the markets bearish sentiment. The focus is on 1.2028, the Mar 16 low. Initial firm resistance is seen at 1.2288, the 20-day EMA. A break of this average would highlight a possible short-term base.

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  • RES 4: 1.2462 50-day EMA
  • RES 3: 1.2351 High Sep 21
  • RES 2: 1.2288 20-day EMA
  • RES 1: 1.2220 High Oct 2
  • PRICE: 1.2157 @ 05:56 BST Oct 5
  • SUP 1: 1.2037 Low Oct 04
  • SUP 2: 1.2028 Low Mar 16
  • SUP 3: 1.2011 Low Mar 15 and a key support
  • SUP 4: 1.1964 3.00 proj of the Jul 14 - 24 - 27 price swing

GBPUSD bears remain in the driver’s seat and this week’s fresh cycle lows reinforces bearish conditions. The extension lower maintains the price sequence of lower lows and lower highs and moving average studies are in a bear-mode position, reflecting the markets bearish sentiment. The focus is on 1.2028, the Mar 16 low. Initial firm resistance is seen at 1.2288, the 20-day EMA. A break of this average would highlight a possible short-term base.