Free Trial
ASIA FX

Resilience Outside Of CNH

EURUSD TECHS

Remains Below Channel Resistance

EUROSTOXX50 TECHS

(Z2) Corrective Bounce

BTP TECHS

(Z2) Bears Pause For Breath

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

Bearish Ahead Of Channel Base

GBPUSD TECHS
  • RES 4: 1.4182 High Feb 25
  • RES 3: 1.4167 Bull channel top drawn off the Nov 2, 2020 low
  • RES 2: 1.4017 High Mar 4
  • RES 1: 1.3925 High Mar 9
  • PRICE: 1.3885 @ 17:06 GMT Mar 9
  • SUP 1: 1.3779 Low Mar 8
  • SUP 2: 1.3763 50-day EMA
  • SUP 3: 1.3721 Bull channel drawn off the Nov 2, 2020 low.
  • SUP 4: 1.3663 Low May 5

Cable is consolidating but remains in a bear mode. Price has recently cleared the 20-day EMA and a number of near-term support levels. The focus is on 1.3763 next, the 50-day EMA. Clearance of this average would leave the key bull channel support at 1.3721 exposed. The channel is drawn off the Nov 2, 2020 low and a break would highlight an important short-term reversal. Firm resistance remains 1.4017, Mar 4 high.

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.