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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 AccessBull Cycle Remains In Play
- RES 4: 1.2643 High Sep 4
- RES 3: 1.2589 50.0% retracement of the Jul 14 - Oct 4 bear leg
- RES 2: 1.2583 2.0% 10-dma envelope
- RES 1: 1.2506 High Nov 14
- PRICE: 1.2415 @ 06:19 GMT Nov 17
- SUP 1: 1.2314 50-day EMA
- SUP 2: 1.2187 Low Nov 10 and key short-term support
- SUP 3: 1.2138 Low Nov 2
- SUP 4: 1.2070 Low Oct 26
A bull cycle in GBPUSD remains in play. The pair rallied sharply higher on Tuesday to confirm a resumption of the uptrend that started Oct 4. Resistance at 1.2428, the Nov 6 high, has been breached and note that price is also through 1.2459, 38.2% of the Jul 14 - Oct 4 bear leg. This opens 1.2589 next, the 50.0% retracement point. Firm short-term support is at 1.2187, the Nov 10 low. A short-term pullback is considered corrective.
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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.