GBPUSD TECHS: Clears The Bear Trigger
- RES 4: 1.3527 High Oct 1
- RES 3: 1.3471 High Oct 17 and a key short-term resistance
- RES 2: 1.3422 50-day EMA
- RES 1: 1.3377 20-day EMA
- PRICE: 1.3240 @ 16:06 GMT Oct 29
- SUP 1: 1.3195 Low Oct 29
- SUP 2: 1.3142 Low Aug 1 and a key support
- SUP 3: 1.3041 Low Apr 14
- SUP 4: 1.2971 1.382 proj of the Sep 17 - 25 - Oct 1 price swing
A bear threat in GBPUSD remains present and this week’s sell-off strengthens this theme. The pair has breached 1.3249, the Oct 14 low and a bear trigger. The break confirms a resumption of the downtrend that started Sep 17. Note too that 1.3220 has been pierced, a 0.764 projection of the Sep 17 - 25 - Oct 1 price swing. This signals scope for a move towards key support at 1.3142, Aug 1 low. Initial resistance is 1.3377, the 20-day EMA.
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USDJPY TECHS: Corrective Pullback
- RES 4: 151.62 61.8% retracement of the Jan 10 - Apr 22 bear leg
- RES 3: 151.21 High Mar 28
- RES 2: 150.92 High Aug 1 and a key resistance
- RES 1: 149.96 High Sep 26
- PRICE: 148.61 @ 16:14 BST Sep 29
- SUP 1: 148.38/147.55 High Sep 22 / 50-day EMA
- SUP 2: 146.77 Low Sep 18
- SUP 3: 145.49 Low Sep 17 and a pivot support
- SUP 4: 144.23 Low Jul 7
USDJPY traded higher last week as the pair extended the recovery that started Sep 17. A bullish candle on Sep 17 - a hammer - provided an early reversal signal and remains valid. Also, MA studies remain in a bull-mode condition, highlighting a dominant uptrend. 149.14, the Sep 3 high, has been cleared. Sights are on 150.92, the Aug 1 high and key resistance. Pivot support is 145.49, Sep 17 low. Short-term weakness is considered corrective.
SOFR OPTIONS: Nov'25 SOFR Put Fly
- +30,000 SFRX5 95.93/96.00/96.06 put flys, cab ref 96.29
US: Left Wing Violence On The Rise, Raises Prospect Of Federal Response
Halfway through 2025, attacks by far-left extremists outpaced far-right violence for the first time in more than three decades, according to new research from the Center for Strategic & International Studies (CSIS), cited by Axios. The report notes, "2025 marks the first time in more than 30 years that left-wing terrorist attacks outnumber those from the violent far right.”
- Daniel Byman, a Georgetown professor who's the lead author of the CSIS study, told Axios in a phone interview that many "extremists on the far right ... are more comfortable with the Trump policies, and that may be ... why we've seen a reduction in violence." Byman warned against the data being used "as an excuse for a crackdown on legitimate organizations."
- Comes as President Donald Trump announces the deployment of federal troops to Portland, Oregon, to quell protests that the White House says are interfering with immigration enforcement.
- “At the request of Secretary of Homeland Security, Kristi Noem, I am directing Secretary of War, Pete Hegseth, to provide all necessary Troops to protect War ravaged Portland, and any of our ICE Facilities under siege from attack by Antifa, and other domestic terrorists. I am also authorizing Full Force, if necessary,” Trump wrote on Truth Social.
Figure 1: Left- and Right-Wing US Domestic Terrorism Attacks
Source: Axios, CSIS
