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FOREX

A Volatile US Yield Curve Leads USD to Outperform

EURGBP TECHS

Bouncing Well

EQUITIES

Wave of Risk Off Follows US Yield Spike

GBPUSD TECHS

Bulls Press Pause

CROSS ASSET

Another Wave of Risk-Off Follows US Yield Spike

Focus Is On 108.48: *RES 4:........>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Focus Is On 108.48:
*RES 4: 109.32 High Aug 1 and key resistance
*RES 3: 109.00 Round number resistance
*RES 2: 108.48 Sep 18 High and bull trigger
*RES 1: 108.18 High Sep 27
*PRICE: 108.12 @ 15:48 GMT Sep 30
*SUP 1: 107.43 Low Sep 26
*SUP 2: 106.96 Low Sep 24 and key near-term support
*SUP 3: 106.80 1.0% Lower Bollinger band
*SUP 4: 106.47 50% retracement of Aug 26 - Sep 18 rally
USDJPY begins the week on a more positive note following last Wednesday's
recovery. Activity on this day resulted in the formation of a strong candle
pattern, a bullish engulfing reversal. The significance of this pattern is
reinforced by the fact that, apart from a brief probe 106.98, Sep 13 high
provided support. Attention is on the 108.48 bull trigger, Sep 18 high where a
break would open 109.00 and 109.32. Support lies at 106.96, Sep 24 low.