Free Trial

(U2)‌‌ Sights Are On Key Resistance

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
CABLE TECHS: $1.3460 Support A Gauge To Near Term Direction
*RES 4: $1.3596 Sep 22 high
*RES 3: $1.3565 1.618x 1.3027-$1.3338 from $1.3062
*RES 2: $1.3550 Intraday high
*RES 1: $1.3525/35 Hourly resistance
*PRICE: $1.3485 @1020GMT
*SUP 1: $1.3460 Hourly support
*SUP 2: $1.3425/30 Hourly congestion area Nov 29-30
*SUP 3: $1.3374/83 Hourly base Nov 29, Nov 27 high
*SUP 4: $1.3336 Nov 29 low
*COMMENTARY* The rally continued through $1.3483-$1.3510 resistance on Thursday,
culminating in a high earlier today at $1.3550. This leaves us just shy of a
look at next resistance from the 1.618 projection target at $1.3565. Heavily
overbought on a near term basis, $1.3460 represents initial support and a gauge
as to whether a deeper correction is required. Loss will have the potential for
a $1.3430-$1.3374 fall next. Above $1.3565 and $1.3596-$1.3622.

To read the full story

Why Subscribe to

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.