Free Trial

1.27 Under Pressure GBPUSD has seen....>

CABLE TECHS
CABLE TECHS: 1.27 Under Pressure 
GBPUSD has seen downside pressure intensify with the 1.27 level now looking set
to give way as bears target the 2018 low at 1.2662. Below here lies the measured
move target from the double top formation down at 1.2500. Bulls initially need
to recover the upper bound of the downtrend channel at 1.2944 to shift the
outlook neutral, before challenging up trendline resistance & 100-dma at 1.3047.

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.