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US TSYS

ACGBs & Regional Demand Helping

THB

Cabinet Meeting Eyed Today

US EURODLR FUTURES

EDZ1 Trading

Double-top forming: *RES 4:.....>

EURO-STERLING TECHS
EURO-STERLING TECHS: Double-top forming:
*RES 4: 0.9415 High Oct 2016
*RES 3: 0.9307/38 High Aug 29 2017/Upper 2.0% 10-dma envelope
*RES 2: 0.9278 Upper Bollinger Band (2%)
*RES 1: 0.9249 High Aug 06
*PRICE: 0.9225 @ 08:30 GMT Aug 08
*SUP 1: 0.9196/88 100-hma/Low July 7
*SUP 2: 0.9159/26 200-hma/Aug02 low
*SUP 3: 0.9089 Low Jul 31
*SUP 4: 0.9051 High Jul 17 and last Monday's bull trigger
Failure to clear Tuesday's high yesterday has resulted in the formation of a
double-top around 0.9245/50. Despite this, pullbacks remain shallow and keeps
the broader bullish outlook intact. A break of this key level would open a
return to the Aug 29 2017 high & upper 2.0% 10-dma envelope at 0.9307/38.
However, this argument would weaken on a fall below 0.9051, the former bull
trigger.