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JGBS

Bland 5-Year Auction

IDR

Consumer Confidence Data Take Focus

JGBS AUCTION

The Japanese MOF sells Y2.0327tn 5-Year JGBs:

JGBS AUCTION

The Japanese MOF sells Y2.8069tn 6-Month Bills:

CNH

Inflation Data Under Scrutiny

OIL

Crude Registers Fresh Highs For The Week

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  • RES 4: 0.8624/58 High Oct 1 / High Sep 29
  • RES 3: 0.8533 50-day EMA
  • RES 2: 0.8518 High Oct 12 and a firm resistance
  • RES 1: 0.8487 High Oct 15
  • PRICE: 0.8436 @ 15:40 BST Oct 20
  • SUP 1: 0.8423 Low Oct 19
  • SUP 2: 0.8392 1.0% 10-dma envelope
  • SUP 3: 0.8356 Low Feb 26, 2020
  • SUP 4: 0.8339 Low Feb 25, 2020

EURGBP is consolidating but remains vulnerable. The cross has recently cleared 0.8450, Oct 10 low and a key support, reinforcing a bearish theme. This paves the way for an extension lower, opening 0.8392 next, a vol based support. Further out, there is scope too for an extension below 0.8400 to open 0.8356, the Feb 26, 2020 low. Firm resistance has been defined at 0.8518, Oct 12 high where a break is required to signal a short-term base.