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AUDUSD TECHS

Bearish Cycle Still In Play

EURJPY TECHS

Death Cross Adding Pressure

FOREX

Risk Off Prompts Safe Haven Demand

US EURODLR OPTIONS

Midcurve Puts, Scale Seller

USDJPY TECHS

Support Remains Exposed

EURO-STERLING TECHS
EURO-STERLING TECHS: Trading Sideways
*RES 4: 0.8911 High Apr 1
*RES 3: 0.8865 Apr 7 high and key resistance
*RES 2: 0.8845 50-dma
*RES 1: 0.8814 High May 4
*PRICE: 0.8757 @ 10:28 BST May 11
*SUP 1: 0.8691 Low May 01 / 05
*SUP 2: 0.8671 Low Apr 30 and bear trigger
*SUP 3: 0.8657 Low Mar 9
*SUP 4: 0.8621 Low Mar 5 and a key support
EURGBP is unchanged and remains range bound. A probe last week of key support at
0.8682, Apr 14 low, failed to deliver any follow through and price subsequently
recovered off the lows. A close below 0.8682 and a break of the 0.8671 low is
still required to trigger a fresh bearish move. This would confirm a resumption
of the downtrend and open 0.8621, Mar 5 low. Key resistance and the bull
reversal trigger remains 0.8865, the Apr 7 high.