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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 Tone
- RES 4: 1.4155 2.0% 10-dma envelope
- RES 3: 1.4103 76.4% retracement of the Feb 24 - Apr 12 downleg
- RES 2: 1.4009/17 High Apr 20 / High Mar 4
- RES 1: 1.3950 High Apr 22
- PRICE: 1.3877 @ 05:48 BST Apr 28
- SUP 1: 1.3824 Low Apr 22 and key intraday support
- SUP 2: 1.3717 Low Apr 16
- SUP 3: 1.3670/69 Low Mar 25 / Low Apr 12 and key support
- SUP 4: 1.3567 Low Apr 2
GBPUSD is slightly weaker. The pair traded lower last week following a failure at 1.4009, Apr 20 high and maintains a S/T bearish tone. The pullback means that recent gains stalled at the former bull channel base drawn off the Nov 2, 2020 low. A break of 1.4009 is required to reinstate a bullish theme and open 1.4103, a Fibonacci retracement. Short-term support has been defined at 1.3824, Apr 22 low. The key bear trigger is 1.3669, Apr 12 low.
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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.