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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: Aussie Q3 GDP Prints At 0.3% Q/Q
MNI ASIA OPEN: Early Geopol Risk Roils, Focus Turns To Fed
Above 55-WMA To End Bearish.....>
EURO-STERLING TECHS: Above 55-WMA To End Bearish Hopes
*RES 4: Gbp0.8858 55-WMA
*RES 3: Gbp0.8819 200-DMA
*RES 2: Gbp0.8801 High June 20
*RES 1: Gbp0.8771 Hourly resistance June 21
*PRICE: Gbp0.8753 @ 0430GMT
*SUP 1: Gbp0.8715 Low June 15
*SUP 2: Gbp0.8694 Hourly support May 30
*SUP 3: Gbp0.8678 Low Apr 26
*SUP 4: Gbp0.8664 Hourly breakout level Apr 18
*COMMENTARY: Bulls have failed to capitalise on bounces this week with the pair
remaining capped ahead of the falling TL off 2018 highs and the 200-DMA with the
55-WMA lurking just above. Bulls look for a close above the 55-WMA to shift
initial focus back to Gbp0.8967-0.9107. Bears now need a close below Gbp0.8694
to confirm focus on tests of 2018 lows and then Gbp0.8531 on a break lower.
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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.