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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: PBOC Net Drains CNY288.1 Bln via OMO Friday
MNI BRIEF: Japan Oct Real Wages Unchanged Y/Y
Bullish Theme
- RES 4: 0.9097 76.4% Retracement of the Sep 26 - Dec 1 bear leg
- RES 3: 0.9023 2.0% 10-dma envelope
- RES 2: 0.8992 61.8% Retracement of the Sep 26 - Dec 1 bear leg
- RES 1: 0.8979 High Feb 3
- PRICE: 0.8911 @ 06:04 GMT Feb 7
- SUP 1: 0.8875/0.8852 Low Feb 2 / High Jan 25
- SUP 2: 0.8837 20-day EMA
- SUP 3: 0.8788 50-day EMA
- SUP 4: 0.8722 Low Jan 19 and a reversal trigger
EURGBP trend conditions remain bullish following last week’s gains and the cross is trading closer to its recent highs. Resistance at 0.8897, the Jan 13 high and a recent bull trigger, has been cleared. The breach confirms a resumption of the uptrend that started early December and sights are on 0.8992, a Fibonacci retracement. Note that moving average studies are in a bull-mode position. First key support to watch lies at 0.8837, the 20-day EMA.
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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.