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• RES 4: 1.3789 High Jul 1 and key resistance    
• RES 3: .3661/3726 High Sep 18 / 17 
• RES 2: 1.3537 High Sep 23 1
• RES 1: 1.3482 50-day EMA  
• PRICE: 1.3440 @ 06:30 BST Sep 30
• SUP 1: 1.3324 Low Sep 25
• SUP 2: 1.3282 Low Aug 6
• SUP 3: 1.3254 Low Aug 4
• SUP 4: 1.3144 38.2% retracement of the Jan 13 - Jul 1 bull cycle          

The bear cycle in GBPUSD that started Sep 17, remains in play. Recent weakness resulted in a break of 1.3491, a trendline support drawn from the Aug 1 low. This undermines a recent bullish theme. Note too that 1.3333, the Sep 3 low and a key support, has been pierced, opening 1.3282 next, the Aug 6 low. Initial key resistance to watch is 1.3537, the Sep 23 high. A break of this hurdle would signal a reversal.

• RES 4: 118.170 Low Sep 10      
• RES 3: 118.090 High Sep 17 and a key short-term resistance 
• RES 2: 117.943 76.4% retracement of the Sep 8 - 25 bear leg  
• RES 1: 117.839 20-day EMA   
• PRICE: 117.810@ 06:08 BST Sep 30
• SUP 1: 117.680/470 Low Sep 29 / 25  
• SUP 2: 117.450 1.000 proj of the Sep 8 - 12 - 17 price swing  
• SUP 3: 117.299 1.236 proj of the Sep 8 - 12 - 17 price swing  
• SUP 4: 117.080 Low Sep 2 (cont.) 

Bobl futures traded lower last Thursday to a fresh cycle low. The move down confirms a resumption of the downtrend and maintains the bearish price sequence of lower lows and lower highs. This suggests short-term gains are corrective. Sights are on 117.450, a Fibonacci projection. On the upside, key short-term resistance has been defined at 118.090, the Sep 18 high. A move above this level would signal a potential reversal.

SFRH6/U6 ~2K given at -35.0.