Free Trial

Bears target 1.28 Area The downtrend....>

CABLE TECHS
CABLE TECHS: Bears target 1.28 Area
The downtrend in GBPUSD shows no sign of ending as bears now look to the 61.8%
retracement of the 2016 lows to the 2018 highs at 1.2810. Below here lies the
Feb 14 low at 1.2773. Bulls need to recover the 200/100-dmas at 1.2962/64 to
stabilise the outlook while a break back above triangle resistance at 1.3050 is
needed to suggest an upside reversal.

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.