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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

Resumes Its Uptrend

CABLE TECHS
  • RES 4: 1.3677 76.4% retracement of the 2018 - 2020 Selloff
  • RES 3: 1.3514 High Dec 13, 2019
  • RES 2: 1.3436 2.0% 10-dma envelope
  • RES 1: 1.3395 High Aug 31
  • PRICE: 1.3379 @ 16:15 BST Aug 31
  • SUP 1: 1.3186 Low Aug 28
  • SUP 2: 1.3103 20-day EMA
  • SUP 3: 1.3054 Low Aug 24 and the bear trigger
  • SUP 4: 1.3005 Low Aug 12

GBPUSD ended last week on a firm note, rallying Friday and closing near session highs above the former resistance at 1.3267, Aug 19 high. Clearance of 1.3267 has also confirmed a resumption of the uptrend that has been in place since the March lows. Price action Friday also saw the pair clear 1.3312, a Fibonacci projection, exposing a volatility band resistance at 1.3436. On the downside, 1.3054 marks the key trend support, Aug 24 low.