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JGBS

Mostly Firmer, 10-Year Supply Eyed

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Peso Weakens Amid Assessment Of Omicron Risk

CHINA PRESS

China Developers' Bond Sales Rise as Controls Ease: Yicai

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  • RES 4: 0.8670 High Jul 20 and key resistance
  • RES 3: 0.8659 High Jul 21
  • RES 2: 0.8618 76.4% retracement of the Jul 20 - Aug 10 sell-off
  • RES 1: 0.8603 High Sep 01
  • PRICE: 0.8572 @ 17:21 BST Sep 3
  • SUP 1: 0.8543 Low Aug 24
  • SUP 2: 0.8506 Low Jul 19
  • SUP 3: 0.8484 Low Aug 16
  • SUP 4: 0.8450 Low Aug 10 and a key support

EURGBP maintains a positive S/T tone and is holding onto the bulk of its recent gains. The cross has pulled away from the 20- and 50-day EMAs breached recently and has also progressed through the 100-dma. A break of the 100-dma strengthens a bullish case and opens 0.8618 next, a Fibonacci retracement. On the downside, key short-term support has been defined at 0.8543, Aug 24 low. A break would signal a reversal.