Free Trial

Bears Near May 23 Low Sterling came.....>

CABLE TECHS
CABLE TECHS: Bears Near May 23 Low
Sterling came within touching distance of the May 23 low at 1.2606 and remains
the downside target for bears, ahead of the 1.2600 level. Below here opens a
move toward Jan 3 hourly support at 1.2555. Bulls need to recover the May 28
high at 1.2702, before challenging the 1.2745/55 area marking the Friday/Monday
highs. Above here would open the May 21 high at 1.2813.

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.