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USDJPY TECHS

Resistance Remains Intact

FED

Reverse Repo Operation

FOREX

Softer Greenback Extends GBP Bounce

EURGBP TECHS

Eyeing Key Support

CABLE TECHS
CABLE TECHS: Edges Higher
*RES 4: 1.3080 High May 8
*RES 3: 1.3045 76.4% retracement of Mar 13 - Sep 3 decline
*RES 2: 1.3013 High Oct 21 and bull trigger
*RES 1: 1.2950 High Oct 24
*PRICE: 1.2920 @ 05:41 GMT Oct 31
*SUP 1: 1.2789 Low Oct 24
*SUP 2: 1.2750/14 Low Oct 17 / 200-DMA
*SUP 3: 1.2603 Low Oct 15
*SUP 4: 1.2516 Low Oct 14
GBPUSD continues to push higher maintaining this weeks recovery. Recent weakness
down to 1.2789 has been viewed as a correction. However there still remains the
possibility we'll see a deeper sell-off before stronger bullish activity
resumes, as the uptrend since Oct 8 has been steep. The trigger is for an
extension lower is 1.2789, Oct 24 low. This would open 1.2714, the 200-DMA and
1.2603, Oct 15 low. On the upside, the bull trigger is 1.3013, Oct 21 high.