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USDCAD TECHS

Solid Bounce

AUDUSD TECHS

Reverses In Style

EURJPY TECHS

Accelerates Off Bull Trigger

USDJPY TECHS

Still Pointing Higher

EURGBP TECHS

Bouncing Well

GBPUSD TECHS

Bulls Press Pause

CABLE
MNI (London)
CABLE: Month-end EUR/GBP demand provided some counter to recent sterling
buoyancy, the buying able to edge the cross from Gbp0.8538 to a high of
Gbp0.8586. The move had pressed cable back to $1.3273 as it further extended its
corrective pullback away from Wednesday's high of $1.3350. As cross demand faded
so sterling recouped losses which allowed cable to edge back to $1.3319 ahead of
NY. Release of stronger than forecast US GDP, followed by strong Chicago PMI,
provided a general boost to the USD and pressed cable to $1.3264. Rate recovered
again, this time influenced by the 1600GMT (USD sales were expected), touched
$1.3316 before it fell to a fresh intraday low of $1.3254 after the Europe
close. Rate trades around $1.3270 at writing.
- Cable support $1.3250, $1.3235/30, $1.3200. Resistance $1.3300, $1.3320,
$1.3350. 
- Brexit remains key sterling driver, the market remains optimistic that no-deal
has been moved to the background. 
- Friday sees release of UK Mfg PMI(market median 52.2, last 52.8), along with
UK Mortgage and money supply data. 
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com