Trial now
EQUITIES

E-Minis Pull Lower

JGBS

Bland 5-Year Auction

IDR

Consumer Confidence Data Take Focus

JGBS AUCTION

The Japanese MOF sells Y2.0327tn 5-Year JGBs:

JGBS AUCTION

The Japanese MOF sells Y2.8069tn 6-Month Bills:

CNH

Inflation Data Under Scrutiny

Recovery Extends

GBPUSD TECHS
  • RES 4: 1.3983/90 High Jul 30 / 61.8% of the Jun 1 - Jul 20 sell-off
  • RES 3: 1.3958 High Aug 4
  • RES 2: 1.3888 High Aug 11
  • RES 1: 1.3875 High Sep 3
  • PRICE: 1.3865 @ 17:19 BST Sep 3
  • SUP 1: 1.3731 Low Sep 1
  • SUP 2: 1.3680/02 Low Aug 27 / Low Aug 20
  • SUP 3: 1.3572 Low Jul 20 and the bear trigger
  • SUP 4: 1.3520 Low Jan 18

GBPUSD traded higher still Friday, extending the recovery that started Aug 20. The pair has breached its 50-day EMA to tilt the outlook more positive with price above Tuesday's resistance of 1.3808. The break higher opens 1.3888, Aug 11 high and 1.3983, the Jul 30 high. On the downside, initial key support to watch lies at 1.3680, Aug 27 low. A move below this level would signal a resumption of bearish pressure.

MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com