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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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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI UST Issuance Deep Dive: Dec 2024
MNI US Employment Insight: Soft Enough To Keep Fed Cutting
MNI ASIA MARKETS ANALYSIS: Jobs Data Green Lights Rate Cuts
Bullish Price Structure
- RES 4: 1.4411 2.0% 10-dma envelope
- RES 3: 1.4315 High Apr 18, 2018
- RES 2: 1.4237 High Feb 24 and a key resistance
- RES 1: 1.4234 High May 21
- PRICE: 1.4179 @ 06:12 BST May 25
- SUP 1: 1.4100 Low May 19
- SUP 2: 1.4006/3972 Low May 13 / Low May 10
- SUP 3: 1.3947 50-day EMA
- SUP 4: 1.3801 Low May 3 and a key support
The GBPUSD is trading closer to recent highs and remains bullish. Price action recently cleared a number of resistance levels, reinforcing a positive theme and sights are on 1.4237, Feb 24 high. A break would reinforce a bullish case and confirm a resumption of the broader uptrend that started March 2020. On the downside, initial firm support is unchanged at 1.4006, May 13 low where a break would suggest scope for a deeper pullback.
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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.