Free Trial
OIL

South Korea Shunning Russian Oil

GILT SYNDICATION

1.125% Oct-73 gilt: Books open

USD

CAD is the second best performer

HUNGARY

HUF: Cheap But Risky

EURIBOR OPTIONS

Put seller

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Solid Downtick

GBPUSD TECHS
  • RES 4: 1.3355 High Mar 4
  • RES 3: 1.3298 High Mar 23 and a pivot resistance
  • RES 2: 1.3189 50-day EMA
  • RES 1: 1.3090/3147 High Apr 21 / High Apr 14
  • PRICE: 1.2849 @ 16:45 BST Apr 22
  • SUP 1: 1.2839 Low Apr 22
  • SUP 2: 1.2830 50.0% retracement of the Mar ‘20 - Jun ‘21 uptrend
  • SUP 3: 1.2764 2.0% 10-dma envelope
  • SUP 4: 1.2676 Low Sep 23 2020 and a key support

GBPUSD accelerated the down-move Friday, breaching major support and the bear trigger at 1.2974, Apr 13 low. The break of this level confirms a resumption of bearish activity and an extension of the primary downtrend. 1.2933, the Nov 5 2020 low, also gave way, opening losses toward 1.2830 and below. Moving average studies also point south, highlighting current market sentiment. Key short-term resistance is at 1.3147, the Apr 14 high. Initial resistance is at 1.3090, the Apr 21 high.

148 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.
  • RES 4: 1.3355 High Mar 4
  • RES 3: 1.3298 High Mar 23 and a pivot resistance
  • RES 2: 1.3189 50-day EMA
  • RES 1: 1.3090/3147 High Apr 21 / High Apr 14
  • PRICE: 1.2849 @ 16:45 BST Apr 22
  • SUP 1: 1.2839 Low Apr 22
  • SUP 2: 1.2830 50.0% retracement of the Mar ‘20 - Jun ‘21 uptrend
  • SUP 3: 1.2764 2.0% 10-dma envelope
  • SUP 4: 1.2676 Low Sep 23 2020 and a key support

GBPUSD accelerated the down-move Friday, breaching major support and the bear trigger at 1.2974, Apr 13 low. The break of this level confirms a resumption of bearish activity and an extension of the primary downtrend. 1.2933, the Nov 5 2020 low, also gave way, opening losses toward 1.2830 and below. Moving average studies also point south, highlighting current market sentiment. Key short-term resistance is at 1.3147, the Apr 14 high. Initial resistance is at 1.3090, the Apr 21 high.