FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Heavy!

GBPUSD TECHS
  • RES 4: 1.3158 50-day EMA
  • RES 3: 1.3090/3147 High Apr 21 / High Apr 14
  • RES 2: 1.2974 Low Apr 13 and a recent breakout level
  • RES 1: 1.2877 High Apr 25
  • PRICE: 1.2756 @ 06:20 BST Apr 26
  • SUP 1: 1.2698 Low Apr 25
  • SUP 2: 1.2676 Low Sep 23, 2020
  • SUP 3: 1.2644 Low Jul 22 2020
  • SUP 4: 1.2495 61.8% retracement of the Mar 2020 - Jan 21 bull leg

Monday’s weakness in GBPUSD confirmed an extension of the current downtrend. The pair cleared the bear trigger at 1.2974, Apr 13 low. This strengthens the bearish outlook and maintains the price sequence of lower lows and lower highs. The focus is on 1.2676 next, the Sep 23 2020 low. Key short-term resistance is unchanged at 1.3147, the Apr 14 high. Initial resistance is at Monday’s 1.2877 intraday high.

Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsForeign Exchange Bullets

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.