Free Trial

Brexit Uncertainty Brexit uncertainty...>

CABLE TECHS
CABLE TECHS: Brexit Uncertainty
Brexit uncertainty continues to weigh on sterling which has seen GBPUSD ease to
1.3024. Bears target a close below 1.30 & the 200-dma at 1.2975 to extend the
downtrend, opening a deeper correction toward the Mar 1 low & 100-dma at
1.2949/22. Bulls need a close above the 50-dma (1.3097) to regain control,
before challenging the 1.32 level & 100-wma at 1.3222. A break above here would
return the focus to the upside and suggest the large bottoming pattern remains
alive.

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.