Free Trial

100-dma Remains Key GBPUSD traded.......>

CABLE TECHS: 100-dma Remains Key
GBPUSD traded through but failed to close below the 100-dma for a second
consecutive session, giving more importance to this key level. The 200-dma is
placed behind at 1.2958 with a break here needed to cement the downtrend toward
the Apr 29 low & 1.29 level. Bulls now look to clear 1.31 to improve the outlook
and return the focus to the 55-dma & May 7 high at 1.3103/31.

To read the full story



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.