Free Trial

Bearish Reversal Italian budget.........>

CABLE TECHS
CABLE TECHS: Bearish Reversal Italian budget concerns has seen GBPUSD dip back
under 1.30 with ease. A close below the 50-dma would confirm a bearish reversal,
opening the Sep 5 low at 1.2786, ahead of the ytd low at 1.2662. Bulls need to
reclaim the 100-dma at 1.3125 to change the short-term outlook, before targeting
the 1.3200 level ahead of 1.3317 which represents the 38.2% retracement of the
2018 range.

To read the full story

Close

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.