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BoJ Decision, Japan's Retail Sales Eyed


(Z1) Downside Pressure Resumes

CABLE TECHS: Dollar In Driving Seat
Little change in EUR/GBP Monday leaves the focus on GBP/USD which failed to make
any meaningful progress toward Friday's high. Nonetheless, the pair held above
1.2700, keeping attempts to rebound off cycle lows at 1.2723 in play. A break
below the handle is required for bears to begin to focus on the Jun 21 2017 low
at 1.2589. Bulls need a move above the 1.2835/40 area to stabilise the near-term
outlook and attempt to reverse the acute downtrend.
MNI London Bureau | +44 203-865-3809 |
MNI London Bureau | +44 203-865-3809 |