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FED

NY Fed Weekly Economic Index (WEI)

FED

JP Morgan Take on FOMC DOTs

GBPUSD TECHS

Strong Bounce Off Triangle Base

US TSY OPTIONS

Scale Buyer 10Y Puts

MEXICO

2022 Growth Seen At 4.1%: Finance Minister

Corrective Pullback

CABLE TECHS
  • RES 4: 1.3174 61.8% retracement of the Sep 1 - 23 sell-off
  • RES 3: 1.3128 Former trendline support drawn off the Mar 20 low
  • RES 2: 1.3079 50.0% retracement of the Sep 1 - 23 sell-off
  • RES 1: 1.3060 Intraday high
  • PRICE: 1.3014 @ 10:33 BST Oct 12
  • SUP 1: 1.2926 20- day and 50-day EMA
  • SUP 2: 1.2846 Low Oct 7
  • SUP 3: 1.2806 Low Sep 30 and key near-term support
  • SUP 4: 1.2745 Low Sep 28

GBPUSD is lower this morning but maintains a bullish tone. The pair cleared key resistance at 1.3007 Friday, negating recent bearish signals and confirming a resumption of the current bullish cycle. This has opened 1.3079 ahead of 1.3128. The former is a Fibonacci retracement and the latter, the former trendline support drawn off the Mar 20 low. To re-engage with any bearish themes, Cable needs to break 1.2846, Oct 7 low.