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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.
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Free AccessMNI BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
20-Day EMA Acts As Support
- RES 4: 1.3958 High Aug 4, 2021
- RES 3: 1.3913 High Sep 14, 2021
- RES 2: 1.3835/94 High Oct 20 and key resistance / 2.0% 10-dma env
- RES 1: 1.3736/49 200-dma/High Jan 13
- PRICE: 1.3630 @ 16:31 GMT Jan 19
- SUP 1: 1.3573 Low Jan 18
- SUP 2: 1.3547/3495 20-day EMA / 50-day EMA
- SUP 3: 1.3409 Low Dec 29
- SUP 4: 1.3343 Low Dec 23
GBPUSD trend conditions remain bullish and the recent pullback is likely a correction. Moving average conditions remain in bull mode and last week’s breach of 1.3676, 76.4% of the Oct - Dec downleg strengthens a positive theme and maintains the price sequence of higher highs and higher lows. The 200-dma at 1.3736 has recently provided resistance. A break would open 1.3835, Oct 20 high. Support to watch is the 20-day EMA at 1.3547.
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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.