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EURGBP TECHS

Recovery Holds For Now

EURGBP TECHS

Recovery Holds For Now

US OUTLOOK/OPINION

SocGen Sees Big Unemp Rate Drop; JPM In Line On Job Gains

GBPUSD TECHS

Trend Direction Remains Down

(Z17) Correction Continues, Focus On...>

SCHATZ TECHS
SCHATZ TECHS: (Z17) Correction Continues, Focus On 112.050-112.000 Next
*RES 4: 112.200 Sep 15 high
*RES 3: 112.170 Sep 13 low, now resistance
*RES 2: 112.140 Sep 19 high
*RES 1: 112.110 Hourly resistance
*PRICE: 112.090 @1456GMT
*SUP 1: 112.060 Intraday low
*SUP 2: 112.050 0.1% volatility band
*SUP 3: 112.030 Aug 17 low
*SUP 4: 112.000/010 Aug 1 high, 50% Fibo of 111.730-112.280
*COMMENTARY* This month saw a rally through the swing target at 112.220, a high
of 112.280 attained, before again submitting to some overbought conditions. This
so far leaves us shy of a look at the swing target at 112.320 and Fibo retrace
level at 112.330. Meanwhile support from 112.170 and now 112.090 has gone. Loss
here cautions and suggests a deeper correction of gains from July's 111.73 low
is required, 112.050-112.000 next supports.