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Why MNI
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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 AccessBearish Theme
- RES 4: 1.3298 High Mar 23 and a key resistance
- RES 3: 1.3234 50-day EMA
- RES 2: 1.3167 High Apr 5
- RES 1: 1.3114 20-day EMA
- PRICE: 1.3001 @ 06:25 BST Apr 13
- SUP 1: 1.2983 Low Apr 8
- SUP 2: 1.2954 1.764 proj of the Jan 13 - 27 - Feb 10 price swing
- SUP 3: 1.2933 Low Nov 5 2020
- SUP 4: 1.2855 Low Nov 2 2020 and a key support
GBPUSD is unchanged and remains vulnerable. Recent weakness resulted in a print below key support at 1.3000, the Mar 15 low and a bear trigger. The move lower confirms a resumption of the primary downtrend and marks an extension of the recent pullback from 1.3298, the Mar 23 high. The focus is on 1.2954, a Fibonacci projection level. Initial resistance is at 1.3114, the 20-day EMA ahead of the key 50-day EMA level at 1.3234.
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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.