Free Trial

Timeline of key events (Times BST)


Most USD/Asia Pairs Push Higher


Holding On To Recent Gains


Timeline of key events (Times BST)


Tight Pre-FOMC Asia Trade


Short-Term Resistance Intact

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 Risk Still Present

  • RES 4: 0.8791/8797 High Feb 12 / 2.0% 10-dma envelope
  • RES 3: 0.8731 High Feb 26
  • RES 2: 0.8701/21 High May 7 / High Apr 26 and the bull Trigger
  • RES 1: 0.8650 50-day EMA
  • PRICE: 0.8622 @ 06:06 BST May 19
  • SUP 1: 0.8561 Low May 12
  • SUP 2: 0.8472 Low Apr 5 and the bear trigger
  • SUP 3: 0.8448 2.0% 10-dma envelope
  • SUP 4: 0.8430 Low Feb 27, 2020

EURGBP is consolidating but remains bearish following fresh weekly lows last week and the print on May 12 of 0.8561. The move lower saw the cross move out of its recent range and confirm a bearish breakout. This suggests scope for a deeper pullback, potentially towards the key support at 0.8472, Apr 5 low. On the upside, the key resistance and bull trigger is unchanged at 0.8721, Apr 26 high. Initial resistance is at 0.8650, the 50-day EMA.

MNI London Bureau | +44 203-586-3805 |
MNI London Bureau | +44 203-586-3805 |

To read the full story

Why Subscribe to

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.