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JPY

USD/JPY Nearing Y114.00 Again

GBPUSD TECHS

Corrections Remain Shallow

UK

Timeline of key events (Times UK)

EUROZONE

Timeline of key events (Times BST)

USDJPY TECHS

Trend Signals Still Point North

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  • RES 4: 126.84 Low Sep 17
  • RES 3: 126.44 High Sep 24
  • RES 2: 125.72 High Oct 1
  • RES 1: 125.47 20-day EMA
  • PRICE: 125.07 @ Close Oct 15
  • SUP 1: 124.08/123.44 Low Oct 13 / Low Oct 11 and the bear trigger
  • SUP 2: 123.16 Low Feb 27, 2019 (cont)
  • SUP 3: 122.75 2.236 proj of the Aug 31 - Sep 17 - 21 price swing
  • SUP 4: 122.15 Low Jan 18, 2019 (cont)

Gilt futures remain above recent highs. Short-term gains are considered corrective and this is allowing a recent oversold condition to unwind. Attention is on the 20-day EMA that intersects at 125.47. A break of this resistance area would signal scope for a stronger recovery. The broader trend direction remains down and a resumption of weakness would refocus attention on Monday's low of 123.44. This is also the bear trigger.