Free Trial

200-DMA Support Looks Key Despite.......>

CABLE TECHS
CABLE TECHS: 200-DMA Support Looks Key
Despite touching fresh weekly lows on Friday GBPUSD managed to hold above its
200-dma at 1.3036 to keep the recovery intact. Bulls look to trigger a bullish
pennant formation with a break above 1.3160, which would open a challenge of the
Jan highs at 1.3217. Above here would further improve the outlook and open the
Sep highs just below 1.3300. Bears need a close below the 200-dma to challenge
the 1.30 area which marks the Jan 17 high and up trendline support. 

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.