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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 Threat *RES 4: 1.3212 High......>
CABLE TECHS: Bearish Threat
*RES 4: 1.3212 High Jan 7
*RES 3: 1.3215 High Feb 3 and key S/T resistance
*RES 2: 1.3070 High Feb 5 and key near-term resistance
*RES 1: 1.3011 Former trendline support drawn off the Sep 3 low
*PRICE: 1.2915 @ 05:54 GMT Feb 11
*SUP 1: 1.2872 Low Feb 10
*SUP 2: 1.2824 Low Nov 22
*SUP 3: 1.2769 Low Nov 8
*SUP 4: 1.2736 50% retracement of the Sep 3 - Dec 13 rally
GBPUSD did find some support yesterday, however for now the pair remains
vulnerable following last week's break of trendline support. The trendline is
drawn off the Sep 3 low. The recent move lower has breached 1.2905, Dec 23 low
and a former key support exposing 1.2824. The 100-dma is at 1.2904, highlighting
the importance of limiting weakness below 1.2900 for those looking for a
recovery. For now, bears are in charge. Firm resistance is 1.3011.
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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.