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SOUTH AFRICA

Headline CPI Seen Creeping Higher

GBPUSD

Sterling Edging Lower Through European Open

SILVER TECHS

Bull Mode Intact

GOLD TECHS

Bearish Threat Still Present

DMAs Define Near-Term Range........>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: DMAs Define Near-Term Range
After containing topside price action Friday, the 100-hma remains a challenge
for USD/JPY bulls after the pair failed to meaningfully break above the mark
despite a late rally on Monday. This semi-successful resistance is countered by
the 200-dma below (at 109.96) which is expected to remain supportive and could
squeeze the pair higher. Below here, the daily cloud base/100-dma kicks in at
109.76/74. Bulls need to regain 111.87 to stabilise the near-term outlook before
targeting 112.15.