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EUR/USD EUR/USD has reached the near-term downtrend at 1.1620. Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, expects the pair to reach the 1.1756 four-month downtrend. GBP/USD GBP/USD climbed to multi-week highs above 1.3700 on Thursday. As the cable seems to have gone into a consolidation phase below that level, Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, expects the pair to stay below the downtrend at 1.3811. USD/JPY The current upside bias in USD/JPY carries the potential to extend beyond

EUR/USD FX Strategists at UOB Group now believe EUR/USD could be headed towards the 1.1640 level in the near term. GBP/USD Cable’s upside could reach 1.3715 ahead of 1.3750 in the next weeks, suggested FX Strategists at UOB Group. USD/JPY The USD/JPY pair climbed back above mid-113.00s during the Asian session and reversed a major part of the previous day’s profit-taking slide from multi-year tops. AUD/USD The AUD/USD pair surrendered modest Asian session gains to over one-month tops and was last seen trading in the neutral territory,

EUR/USD In opinion of FX Strategists at UOB Group, EUR/USD risks a deeper pullback on a breach below the 1.1500 mark. GBP/USD The UK GDP monthly release showed that the economy expanded less-than-expected in August, arriving at 0.4% vs. 0.5% expectations and 0.1% previous. Meanwhile, the Index of Services (August) came in at 3.7% 3M/3M vs. 1.2% expected and 5.2% prior. USD/JPY FX Strategists at UOB Group noted USD/JPY could extend the current upside momentum to levels past the 114.00 yardstick. AUD/USD The cautious policy stance of the

EUR/USD In opinion of FX Strategists at UOB Group, the downward momentum in EUR/USD seems to be losing some traction. GBP/USD UK claimant count change arrived at -51.1K in September. The unemployment rate in the UK dropped to 4.5% in August. The UK wages excluding bonuses rose by 6% YoY vs. 5.9% expected. USD/JPY USD/JPY climbed to fresh multi-year tops on Tuesday amid sustained USD buying interest. The risk-off impulse benefitted the safe-haven JPY and capped the upside for the major. Bulls might now wait for a sustained strength

EUR/USD FX Strategists at UOB Group believe EUR/USD could be headed towards the 1.1500 area in the near term. GBP/USD Cable is expected to keep navigating within the 1.3460-1.3680 range for the time being, noted FX Strategists at UOB Group. USD/JPY Extra gains are seen in USD/JPY above the 111.95 levels in the next weeks, suggested FX Strategists at UOB Group. AUD/USD The upside bias in AUD/USD keeps gathering traction and is expected to meet the next hurdle at the 0.7350 level in the next weeks, noted

EUR/USD In opinion of FX Strategists at UOB Group, EUR/USD could still grind lower to the 1.1500 region in the next weeks. GBP/USD GBP/USD remains pressured on a day, pares the first weekly gains in five. French MP threatens UK over fishing row, EU braces for new NI protocol proposals. USD/JPY USD/JPY is looking to build onto Thursday’s solid recovery, with all eyes on the 112.00 figure, as investors remain cheerful heading into the all-important US NFP release. AUD/USD AUD/USD has wiped out early gains and trades

EUR/USD FX Strategists at UOB Group noted EUR/USD could now slip back to the 1.1500 region in the next weeks. GBP/USD GBP/USD is forecast to maintain the 1.3460/1.3680 range for the next weeks, suggested FX Strategists at UOB Group. USD/JPY A combination of factors assisted the USD/JPY pair to gain some positive traction during the early part of the trading action on Thursday, albeit the uptick lacked bullish conviction. The risk-on impulse in the markets undermined the safe-haven Japanese yen, which was further pressure after

EUR/USD In opinion of FX Strategists at UOB Group, EUR/USD could still slip back to the 1.1530 region while below 1.1655. GBP/USD FX Strategists at UOB Group noted Cable is still seen within the 1.3460/1.3680 band for the time being. USD/JPY Focus remains on key resistance at 112.23/50 as USD/JPY recovers off the 110.80 August high. Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, expects the pair to struggle initially at the aforementioned resistance but with an eventual break opening up the 114.55

EUR/USD FX Strategists at UOB Group noted that a surpass of 1.1655 should alleviate the downside pressure in EUR/USD. GBP/USD GBP/USD snaps three-day uptrend, sellers attack intraday low of late. UK’s Frost again warns EU over NI protocol, brands US President Biden as no more than an “interested observer”. UK PM Johnson eyes post-covid economy guide during first annual Conservatives meet since 2019. Fears over China financial markets, anxiety over US stimulus, debt ceiling favor USD strength ahead of the key PMIs. USD/JPY Extra gains in USD/JPY seem

EUR/USD According to FX Strategists at UOB Group, a drop to 1.1530 in EUR/USD now seems to have lost some traction. GBP/USD Having failed to clear a strong supply zone near 1.3580 recently, GBP/USD has turned south starting out a fresh week, now consolidating near mid-1.3500s. The renewed Brexit concerns, fuel supply issues and a broad rebound in the US dollar are weighing negatively on the cable, as investors digest the latest China Evergrande story. USD/JPY USD/JPY flirts with 111.00, intraday top 111.11, as European traders