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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.
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Free AccessBull Cycle Extends
- RES 4: 1.3131 1.00 proj of the May 25 - Jun 16 - Jun 29 price swing
- RES 3: 1.3090 High Apr 21
- RES 2: 1.3035 High Apr 22 2022
- RES 1: 1.2977 0.764 proj of the Mar 8 - May 10 - May 25 price swing
- PRICE: 1.2962 @ 06:08 BST Jul 12
- SUP 1: 1.2857 Low Jul 11
- SUP 2: 1.2726/2674 20-day EMA / Low Jul 6
- SUP 3: 1.2596/2605 Trendline drawn from Mar 8 low / Low Jun 29
- SUP 4: 1.2433 Low Jun 8
GBPUSD continues to climb and conditions remain bullish. This week’s break of resistance at 1.2848, the Jun 16 high, confirms a resumption of the medium-term uptrend and maintains the bullish price sequence of higher highs and higher lows. Note that moving average studies are in a bull-mode position. The focus is on 1.2977 next, a Fibonacci projection. Initial firm support lies at 1.2726, the 20-day EMA.
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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.