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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 AccessBullish Price Sequence Intact
- 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: 1.1872 Intraday high
- PRICE: 1.1737 @ 15:09 GMT Nov 14
- SUP 1: 1.1460 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 maintains a bullish tone. The pair has cleared resistance at 1.1645, the Oct 27 high. The break confirms a resumption of the bull cycle that started Sep 26 and maintains the positive price sequence of higher highs and higher lows. This opens 1.1901, the Aug 26 high ahead of the 1.2000 psychological handle. On the downside, initial firm support has been defined at 1.1334, the Nov 9 low.
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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.