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FOREX

China Data In Awaited

JAPAN DATA

Japan May Exports +49.6% Y/Y; 3rd Monthly Rise

US TSYS

Flat Start

US EURODLR FUTURES

EDN1 Given

CABLE TECHS
CABLE TECHS: Consolidating:
*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: 1.2285 @ 04:28 GMT Oct 1
*SUP 1: 1.2271 Low Sep 27 and 50.0% of Sep 3 - Sep 20 rally
*SUP 2: 1.2262 50-dma
*SUP 3: 1.2234/10 Low Sep 9 and Sep 5
*SUP 4: 1.2197 61.8% Sep 3 - Sep 20 rise
GBPUSD is consolidating. Friday saw the pair test the 50% Fibonacci retracement
of Sep 3 - Sep 20 rally at 1.2271. Attention is also on the 50-dma at 1.2262. A
break of these two supports would open a deeper correction towards the 1.2197,
the 61.8% retracement. If the current move lower is still a correction, prices
ideally should find support ahead of the 61.8% retracement. A move above initial
resistance at 1.2381, Sep 26 high would be encouraging for bulls.