Free Trial
STIR

SFRZ3 94.500 Puts Trade

BONDS

NZGBS: Off Session Cheaps

EQUITIES

Ending January On A Weaker Note

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Bullish Price Sequence

GBPUSD TECHS
  • RES 4: 1.2069 1.00 proj of the Sep 26 - Oct 5 - 12 price swing
  • RES 3: 1.2000 Psychological round number
  • RES 2: 1.1901 High Aug 26
  • RES 1: 1.1799 0.764 proj of the Sep 26 - Oct 5 - 12 price swing
  • PRICE: 1.1744 @ 15:40 GMT Nov 11
  • SUP 1: 1.1445 50-day EMA
  • SUP 2: 1.1334/1150 Low Nov 09 / Nov 04 and a bear trigger
  • SUP 3: 1.1061 Low Oct 21
  • SUP 4: 1.0924 Low Oct 12 and a key short-term support

GBPUSD extended gains early Friday and in the process cleared resistance at 1.1645, the Oct 27 high. The break higher confirms a resumption of the bull cycle that started Sep 26 and maintains the positive price sequence of higher highs and higher lows. The focus is on 1.1799, a Fibonacci projection and potentially the 1.2000 handle further out. On the downside, initial firm support lies at 1.1334, the Nov 9 low.

152 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.
  • RES 4: 1.2069 1.00 proj of the Sep 26 - Oct 5 - 12 price swing
  • RES 3: 1.2000 Psychological round number
  • RES 2: 1.1901 High Aug 26
  • RES 1: 1.1799 0.764 proj of the Sep 26 - Oct 5 - 12 price swing
  • PRICE: 1.1744 @ 15:40 GMT Nov 11
  • SUP 1: 1.1445 50-day EMA
  • SUP 2: 1.1334/1150 Low Nov 09 / Nov 04 and a bear trigger
  • SUP 3: 1.1061 Low Oct 21
  • SUP 4: 1.0924 Low Oct 12 and a key short-term support

GBPUSD extended gains early Friday and in the process cleared resistance at 1.1645, the Oct 27 high. The break higher confirms a resumption of the bull cycle that started Sep 26 and maintains the positive price sequence of higher highs and higher lows. The focus is on 1.1799, a Fibonacci projection and potentially the 1.2000 handle further out. On the downside, initial firm support lies at 1.1334, the Nov 9 low.