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USDJPY TECHS

Consolidating At Trendline Support

EURGBP TECHS

Support Remains Under Pressure

GBPUSD TECHS

Key Resistance Exposed

EURUSD TECHS

Consolidating

EUROSTOXX50 TECHS

(M1) Approaching Key Support

BTP TECHS

(M1) Downtrend Extends

DOLLAR
DOLLAR: The dollar outperformed post ECB yesterday, EUR traded under $1.12 for
the first time since June 2017, while the DXY rallied to highs of 97.71.
- JPY outperformed overnight amid the backdrop of risk averse markets with sharp
falls seen in Chinese equities. USDJPY took out the 100 & 200-dma's with the
downtrend extending through Y111.00. EURJPY has seen a +200 pip fall post ECB to
Y124.31.
- Having stalled at the Dec 14 high (97.71) yesterday, the DXY has witnessed a
minor retracement toward 97.40. A topside break opens the Jun 20 2017 high at
97.87, expect protection behind on approach to the 98 level (97.98 - 61.8%
103.82-88.54).
- Gold touched pullbacks lows of $1280.94 yesterday, but has since rallied +$8
to $1293.52. Topside focus turns to the 55 & 50-dma's at $1299.92/1302.69.
- Oil futures hold toward the lower end of their respective 30 pip ranges.
- Main focus today on the US jobs report (1230GMT), housing starts & building
permits also due. The US unemployment rate for January was 4% and the MNI median
suggests a slight decrease to 3.9%.