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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.
GBPUSD TECHS
- RES 4: 1.3983/90 High Jul 30 / 61.8% of the Jun 1 - Jul 20 sell-off
- RES 3: 1.3958 High Aug 4
- RES 2: 1.3913 High Sep 14 and the intraday bull trigger
- RES 1: 1.3773 20-day EMA
- PRICE: 1.3651 @ 15:37 BST Sep 21
- SUP 1: 1.3631/02 Triangle base drawn from Jul 20 low / Low Aug 20
- SUP 2: 1.3572 Low Jul 20 and the bear trigger
- SUP 3: 1.3520 Low Jan 18
- SUP 4: 1.3462 50.0% retracement of the Sep '20 - Jun rally
GBPUSD remains vulnerable following recent weakness. The pair Monday traded below an important S/T support at 1.3727, Sep 8 low, signalling scope for an extension lower. This has also resulted in a break of 1.3680, Aug 27 low and opens the important 1.3602/3572 support zone. Note that there is a triangle base at 1.3632 that also represents an important support. The triangle is drawn from the Jul 20 low. Resistance is at 1.3773.
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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