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JGBS

U.S. Tsy Moves Likely To Pressure JGBs At Re-Open

THAILAND

Market Closure

AUSSIE BONDS

IRM2 Given

JPY

Japanese Markets Reopen, CPI Report Takes Focus

AUD

Aussie Catches Bid Thursday

JGB TECHS

(Z1) Bearish Trend Condition

Resumes Bullish Cycle

CABLE TECHS
  • RES 4: 1.3174 61.8% retracement of the Sep 1 - 23 sell-off
  • RES 3: 1.3128 Former trendline support drawn off the Mar 20 low
  • RES 2: 1.3079 50.0% retracement of the Sep 1 - 23 sell-off
  • RES 1: 1.3050 High Oct 9
  • PRICE: 1.3039 @ 05:52 BST Oct 12
  • SUP 1: 1.2926 20- day and 50-day EMA
  • SUP 2: 1.2846 Low Oct 7
  • SUP 3: 1.2806 Low Sep 30 and key near-term support
  • SUP 4: 1.2745 Low Sep 28

GBPUSD cleared key resistance at 1.3007 Friday, negating recent bearish signals and confirming a resumption of the current bullish cycle. This has opened 1.3079 ahead of 1.3128. The former is a Fibonacci retracement and the latter marks the former trendline support drawn off the Mar 20 low. To re-engage with any bearish themes, Cable needs to break 1.2846, Oct 7 low. This would open 1.2806, Sep 30 low.