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US TSYS SUMMARY

Substantial Further Progress Not Yet Reached

USDCAD TECHS

Runs Counter to Trend

AUDUSD TECHS

Fed Bounce Stops Short

EURJPY TECHS

Bearish Trend Conditions

USDJPY TECHS

Bearish Threat

STERLING
STERLING: The weakness in GBP/USD manages to take out earlier lows just as
EUR/GBP grinds up to Gbp 0.88665. Rate appears to be coming under pressure ahead
of the Jan10/Jan8 high at Gbp 0.8873/75, a break of which would open up a move
toward the 100DMA at Gbp 0.8904. ECB minutes due in just under one hour's time
at 1230GMT. 
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com