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USDCAD TECHS

Heading South

AUDUSD TECHS

Northbound

EURJPY TECHS

Breaches Key Short-Term Support

US TSYS

Late SOFR/Treasury Option Trade

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Trend Signals Still Point South

GBPUSD TECHS
  • RES 4: 1.2004 Low Aug 5
  • RES 3: 1.1827 50-day EMA
  • RES 2: 1.1783 High Aug 29
  • RES 1: 1.1610/1738 20-day EMA / High Sep 13 and key resistance
  • PRICE: 1.1429 @ 06:14 BST Sep 20
  • SUP 1: 1.1351 Low Sep 16
  • SUP 2: 1.1324 1.50 proj of the Jun 16 - Jul 14 - Aug 1 price swing
  • SUP 3: 1.1300 Round number support
  • SUP 4: 1.1248 1.618 proj of the Jun 16 - Jul 14 - Aug 1 price swing

GBPUSD trend conditions remain bearish. The reversal lower last week reinforces bearish conditions. A bearish sequence of lower lows and lower highs highlights a broader bear cycle and signals scope for a continuation. Note that moving average studies are in a bear mode set-up too. Key support at 1.1412, Mar 20 2020 low has been cleared. This strengthens bearish conditions and opens 1.1324. Key resistance is 1.1738, Sep 13 high.

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  • RES 4: 1.2004 Low Aug 5
  • RES 3: 1.1827 50-day EMA
  • RES 2: 1.1783 High Aug 29
  • RES 1: 1.1610/1738 20-day EMA / High Sep 13 and key resistance
  • PRICE: 1.1429 @ 06:14 BST Sep 20
  • SUP 1: 1.1351 Low Sep 16
  • SUP 2: 1.1324 1.50 proj of the Jun 16 - Jul 14 - Aug 1 price swing
  • SUP 3: 1.1300 Round number support
  • SUP 4: 1.1248 1.618 proj of the Jun 16 - Jul 14 - Aug 1 price swing

GBPUSD trend conditions remain bearish. The reversal lower last week reinforces bearish conditions. A bearish sequence of lower lows and lower highs highlights a broader bear cycle and signals scope for a continuation. Note that moving average studies are in a bear mode set-up too. Key support at 1.1412, Mar 20 2020 low has been cleared. This strengthens bearish conditions and opens 1.1324. Key resistance is 1.1738, Sep 13 high.