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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.
GBPUSD TECHS
- RES 4: 1.2667 High May 27 2022
- RES 3: 1.2599 High Jun 7 2022
- RES 2: 1.2555 2.0% 10-dma envelope
- RES 1: 1.2525 High Apr 4
- PRICE: 1.2498 @ 19:06 BST Apr 4
- SUP 1: 1.2395 Low Apr 4
- SUP 2: 1.2275/2235 Low Apr 3 / 20-day EMA
- SUP 3: 1.2191 Low Mar 24
- SUP 4: 1.2158 50-day EMA
GBPUSD traded higher today. The pair breached a key resistance at 1.2448, the Jan 23 high and the top of a broad range, price has been trading inside since mid-December last year. The breach represents an important medium and short-term break and signals the next stage of the uptrend that started Sep 26 last year. The focus is on a climb towards 1.2555 next, the top of a MA envelope study. Support to watch lies at 1.2235, the 20-day EMA.
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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