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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: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
Bearish Doji Candle
- RES 4: 1.3913 High Sep 14 and a key resistance
- RES 3: 1.3835 High Oct 20
- RES 2: 1.3691 50-day EMA
- RES 1: 1.3606/07 Low Nov 2 / High Nov 9
- PRICE: 1.3554 @ 16:29 GMT Nov 10
- SUP 1: 1.3412 Low Sep 29 and bear trigger
- SUP 2: 1.3357/54 2.0% 10-dma env / Low Dec 23, 2020
- SUP 3: 1.3334 1.00 proj of the Sep 14 - 29 - Oct 20 price swing
- SUP 4: 1.3304 Low Dec 22, 2020
GBPUSD has this week retraced part of last week's bear leg. The outlook remains bearish and note Tuesday's candle pattern - a doji - is a bearish pattern and signals the end of the most recent corrective bounce. Last week's break of 1.3544, Oct 6 low strengthens the S/T case for bears and highlights a likely resumption of the broader downtrend. The focus is on the bear trigger at 1.3412. The 50-day EMA at 1.3691 marks initial firm resistance.
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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.