Free Trial
THB

Baht Outperformance Trend Stalls

AUD

Eyeing Thursday Session Highs

US TSYS

Narrow Start

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

Bear Threat Remains Present

EURGBP TECHS
  • RES 4: 0.8992 61.8% Retracement of the Sep 26 - Dec 1 bear leg
  • RES 3: 0.8980 High Sep 29
  • RES 2: 0.8907 50.0% retracement of the Sep 26 - Dec 1 bear leg
  • RES 1: 0.8847/97 High Jan 24 / 13 and the bull trigger
  • PRICE: 0.8836 @ 15:40 GMT Jan 24
  • SUP 1: 0.8722 Low Jan 19
  • SUP 2: 0.8691 Low Dec 19
  • SUP 3: 0.8630 76.4% retracement of the Dec 1 - Jan 13 bull cycle
  • SUP 4: 0.8593 Low Dec 15

EURGBP finished Tuesday trade higher, printing up at 0.8847. Nonetheless, a bearish threat remains present following last week’s move lower. The cross has traded below the 50-day EMA, at 0.8756. The average represents a key support and a clear break of it would signal scope for a deeper retracement towards 0.8691 initially, Dec 19 low. Key short-term resistance has been defined at 0.8897, Jan 13 high. A break would resume bullish activity.

151 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.
  • RES 4: 0.8992 61.8% Retracement of the Sep 26 - Dec 1 bear leg
  • RES 3: 0.8980 High Sep 29
  • RES 2: 0.8907 50.0% retracement of the Sep 26 - Dec 1 bear leg
  • RES 1: 0.8847/97 High Jan 24 / 13 and the bull trigger
  • PRICE: 0.8836 @ 15:40 GMT Jan 24
  • SUP 1: 0.8722 Low Jan 19
  • SUP 2: 0.8691 Low Dec 19
  • SUP 3: 0.8630 76.4% retracement of the Dec 1 - Jan 13 bull cycle
  • SUP 4: 0.8593 Low Dec 15

EURGBP finished Tuesday trade higher, printing up at 0.8847. Nonetheless, a bearish threat remains present following last week’s move lower. The cross has traded below the 50-day EMA, at 0.8756. The average represents a key support and a clear break of it would signal scope for a deeper retracement towards 0.8691 initially, Dec 19 low. Key short-term resistance has been defined at 0.8897, Jan 13 high. A break would resume bullish activity.