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USDCAD TECHS

Solid Bounce

AUDUSD TECHS

Reverses In Style

EURJPY TECHS

Accelerates Off Bull Trigger

USDJPY TECHS

Still Pointing Higher

EURGBP TECHS

Bouncing Well

GBPUSD TECHS

Bulls Press Pause

CABLE TECHS
CABLE TECHS: Dip Buying Under 1.27
GBPUSD encountered renewed dip buying under 1.27 with momentum-type accounts
extending the rally initially to 1.2750, before Brexit headlines drove prices
(briefly) north of 1.2800. Despite this, the longer-term downtrend remains
intact with bears targeting a break of the 2018 low at 1.2662. Below here lies
the measured move target from the double top formation down at 1.2500. Bulls
initially need to recover the upper bound of the downtrend channel at 1.2944 to
shift the outlook neutral, before challenging up trendline resistance & 100-dma
at 1.3047.