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EURJPY TECHS

Off Recent Highs

USDJPY TECHS

Uptrend Remains Intact

GBPUSD TECHS

Back In Its Bull Channel

EURUSD TECHS

Bearish Engulfing Candle

EQUITIES

Stocks Bounce, But Still Off Last Week's Best

FOREX

Havens Offered as Risk Sentiment Repairs

CABLE TECHS
CABLE TECHS: Key resistance At 1.3013
*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: 1.2976 Intraday high
*PRICE: 1.2942 @ 15:49 GMT Oct 31
*SUP 1: 1.2789 Low Oct 24
*SUP 2: 1.2750/13 Low Oct 17 / 200-DMA
*SUP 3: 1.2603 Low Oct 15
*SUP 4: 1.2516 Low Oct 14
GBPUSD extended the week's recovery Thursday. Recent weakness down to 1.2789 has
been viewed as a correction. 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.