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Larger FX Option Pipeline

RUSSIA

Putin: Russia Set To Unveil New Hypersonic Weapons

CABLE TECHS
CABLE TECHS: Fresh Fall Sees Next Support From $1.2929-$1.2920
*RES 4: $1.3145/50 Hourly congestion Aug 3-4
*RES 3: $1.3112 Aug 3 low, now resistance
*RES 2: $1.3059 Aug 7 high
*RES 1: $1.3014/24 Hourly resistance, Aug 4 low
*PRICE: $1.2958 @1500GMT
*SUP 1: $1.2929/33 50% of $1.2589-$1.3269, Jul 20 low
*SUP 2: $1.2920 76.4% Fibo of $1.2812-$1.3269
*SUP 3: $1.2860 2% volatility band
*SUP 4: $1.2849 61.8% Fibo of $1.2589-$1.3269
*COMMENTARY* Failure to move higher than $1.3059, let alone the $1.3085-$1.3112
area, has seen downside pressure resume. The loss of the lower 1% volatility
band at $1.2992 has now opened the way for a fall towards $1.2929-$1.2920 next.
This a combination of two Fibo retrace levels, the 50% of the rise from $1.2589
and perhaps slightly more importantly, the 76.4% of the rise from $1.2812.
Resistance falls to $1.3014-24 ahead of Monday's $1.3059 high.