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EURUSD TECHS

Approaching The 50-Day EMA

OUTLOOK

Monday Look Ahead, Markit PMIs, ISMs

OPTIONS

Larger FX Option Pipeline

FED

Atlanta Fed 3Q GDP Est 6.1%

Extends Gains

CABLE TECHS
  • RES 4: 1.3677 76.4% retracement of the 2018 - 2020 Selloff
  • RES 3: 1.3514 High Dec 13, 2019 and a key resistance
  • RES 2: 1.3463 2.0% 10-dma envelope
  • RES 1: 1.3414 Intraday high
  • PRICE: 1.3406 @ 05:56 BST Sep 1
  • SUP 1: 1.3267 High Aug 19 and former breakout level
  • SUP 2: 1.3186 Low Aug 28
  • SUP 3: 1.3128 20-day EMA
  • SUP 4: 1.3054 Low Aug 24 and the bear trigger

The GBPUSD bull trend remains intact as the pair extends recent gains. Last week's break of former resistance at 1.3267, Aug 19 high, confirmed a resumption of the uptrend that has been in place since the March lows. Price action Friday saw the pair clear 1.3312, a Fibonacci projection and this has exposed a volatility band resistance at 1.3463. The focus is also on 1.3514, Dec 13, 2019 high. On the downside, 1.3267 marks initial support.

MNI London Bureau | +44 203-586-3805 | taso.anastasiou.ext@marketnews.com