Home
Policy
- Policy Exclusives
  - FED
  - ECB
  - BoE
  - BoC
  - BoJ
  - PBoC
- Policy Top Stories
- China Exclusives
G10 Markets
- Fixed Income
- Foreign Exchange
Emerging Markets
Commodities
Data
MNI Research
- Global Macro
- Political Risk
About Us

Log Out

Free Trial

Policy
G10 Markets
Emerging Markets
Commodities
Data
MNI Research
About Us

MNI BRIEF: Not Issuing Digital Euro Costs Significant -Panetta

MNI China Daily Summary: Thursday, Nov 23

MNI BRIEF: German Banks Stable, But Rate Risks Remain - Buba

Services prices and labour market tightness to concern the MPC

PMI: "Renewed signs of sticky inflation"

MNI: UK NOV FLASH SERVICES PMI 50.5 (FCST 49.5); OCT 49.5

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

MNI BRIEF:Macklem-Fiscal Policy Turning Unhelpful On CPI Fight

MNI BRIEF: Stabilizing Prices Helps BOC Turn Neutral-Freeland

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Trending Top 5

November 23, 2023 14:02 GMT

MNI BRIEF:Time To Debate End To PEPP Reinvestment-ECB's Wunsch

Belgium Central Bank News Policy News Homepage Fiscal Government sector Story Europe Eurozone European Central Bank (ECB) Market News Brief European Central Bank Region

November 23, 2023 13:55 GMT

MNI BRIEF: Not Issuing Digital Euro Costs Significant -Panetta

Private sector Central Bank News Policy News Homepage European Central Bank Fiscal Region Europe Eurozone Brief Story Regulation

November 23, 2023 13:51 GMT

MNI RIKSBANK WATCH: Talks Tough On Hikes But Holds Steady

Central Bank News Policy News Homepage Exclusive Europe Riksbank Sweden Policy Story Story Region Watch Riksbank Market News

November 23, 2023 13:11 GMT

MNI BRIEF: PEPP Reinvestment Talk Premature- ECB Accounts

Central Bank News Policy News Homepage European Central Bank Europe Eurozone European Central Bank (ECB) Market News Brief Story Region

November 23, 2023 13:00 GMT

MNI BRIEF: Euro Economy Very Weak, Road to 2% 'Bumpy' - Nagel

Bundesbank Policy News Central Bank News Homepage European Central Bank Bundesbank Market News Europe Eurozone Germany European Central Bank (ECB) Market News Brief Story Region

Market News Topics

Market News Topics
Policy News Topics
Calendar Topics

Log Out

May 30, 2022 17:30 GMT

Approaching The 50-Day EMA

Edward Hardy

GBPUSD TECHS

RES 4: 1.2800 Round number resistance
RES 3: 1.2772 High Apr 26
RES 2: 1.2731 50-day EMA
RES 1: 1.2667 High May 27
PRICE: 1.2633 @ 14:48 BST May 30
SUP 1: 1.2472/38 Low May 24 and 20
SUP 2: 1.2317/2156 Low May 17 / Low May 13 and the bear trigger
SUP 3: 1.2081 76.4% retracement of the Mar ‘20 - Jun ‘21 uptrend
SUP 4: 1.2000 psychological round number

GBPUSD maintains a firmer tone and the current corrective bull cycle remains in play. The pair has breached resistance at 1.2638, May 4 high. This reinforces the bullish set-up and signals scope for a climb towards the 50-day EMA that intersects at 1.2731. This average also represents the next key resistance. Key support and the bear trigger is unchanged at 1.2156, the May 13 low. Initial firm support lies at 1.2472.

MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

Foreign Exchange Technical Analysis Homepage markets-real-time Bullet Markets Foreign Exchange News

Edward Hardy

MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

Foreign Exchange Technical Analysis Homepage markets-real-time Bullet Markets Foreign Exchange News

To read the full story

Free Trial Log In

Sign up now for free access to this content.

Please enter your details below and select your areas of interest.

Enter your Country

Enter your Phone

Areas of interests

FI Market:

Focusing on the Fixed Income market, our specialist approach makes us a resource relied upon by the world’s most prominent financial market investors. Our real-time insight and intelligence is renowned for leading and shaping the debate on key market issues, giving our customers the edge in identifying short- and medium-term market trends.

Offers original, real-time commentary on the fixed income market, including live coverage from Chicago’s futures trading floor.
Focuses on trading flows, market sentiments, economic data, monetary & fiscal policy, central banks market activity, global capital flows and market intelligence.
Central bank previews and review reports
Comprehensive coverage of sovereign bond issuance
Includes FI Position Indicator and FI Technical Analysis.

FX Market:

Focusing on the Foreign Exchange market, our specialist approach makes us a resource relied upon by the world’s most prominent financial market investors. Our real-time insight and intelligence is renowned for leading and shaping the debate on key market issues, giving our customers the edge in identifying short- and medium-term market trends.

Minute by minute reporting on FX markets.
Central bank previews and review reports
Focuses on trading flows, central bank activity, FX options and cross-asset flows.
Includes FX Options Monitor, FX Position Indicator and FX Technical Analysis

Data:

As an accredited news agency and recognized by the world’s major central banks and national statistics agencies, MNI Market News is at the center of the financial market information infrastructure. Our succinct reporting approach allows for the identification of key data aspects at the time of release, trusted by traders and investors globally.

Policy:

Unrivalled Central Bank Policy coverage across G7 and China, delivering exclusive interviews with leading policymakers. We cut through the noise to convey the true policy message that impacts FX and Fixed Income markets.

MNI Research:

Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.

Emerging Markets:

Coverage that offers real-time actionable intelligence, analysis and insight on fixed income and foreign exchange markets in CEMEA, Asia and LatAm regions delivered in concise bullet point format.

High Speed Calendar:

Provides economic data releases with ultra low-latency from a trusted news source, either web-based or via a direct API feed integrated into your trading platform, portal or quantitative model. The calendar covers over 500 economic data points, major central bank rate decisions along with bond auction results. The calendar also has customizable features allowing the user to tailor the display to their requirements and also individual trading timezones.

Commodities:

MNI’s Oil and Gas service offers real-time, actionable intelligence and insight on global oil and gas markets, delivered in concise bullet point format, either via the MNI website, Bloomberg or the ICE platform. It is complemented by our email service, which provides weekly analysis of the energy sector, market roundups ahead of each regional trading session, as well as comprehensive previews of all OPEC meetings. Our Oil and Gas team includes former energy traders, industry experts, political risk analysts and macroeconomists, with full analyst interaction available.

Offers real-time insight on market price action, including product spreads, options, swaps
Industry insight:

Production and Consumption dynamics
Inventories, Reserves, Independent stocks
Shipping
Projects
Refining

Real-time Political and Geopolitical risk analysis impacting the oil & gas markets.
Proprietary technical analysis on key oil & gas markets.
DOE & IEA data.

MNI may contact you in your professional capacity with information about our other products and services that we believe may be of interest to you. You will be able to update your communication preferences via the unsubscribe link provided within your communication.

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.

We are facing technical issues, please contact our team.

Your request was sent sucessfully! Our team will contact you soon.