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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 AccessMNI: PBOC Net Drains CNY216 Bln via OMO Monday
Bullish Theme Holding... For Now *RES...>
CABLE TECHS: Bullish Theme Holding... For Now
*RES 4: 1.3422 High Dec 16
*RES 3: 1.3338 High Dec 17
*RES 2: 1.3281/84 61.8% of the Dec 13 - Dec 23 decline / Dec 31 high
*RES 1: 1.3212 High Jul 7
*PRICE: 1.3108 @ 17:03 GMT Jan 8
*SUP 1: 1.3054 Low Jan 3
*SUP 2: 1.2969 Low Dec 27
*SUP 3: 1.2905 Low Dec 23 and key support
*SUP 4: 1.2824 Low Nov 22
GBPUSD has been relatively quiet this week following the pullback off the Dec 31
high. The S/T outlook remains bullish following the bounce between Dec 23 - Dec
31. Monday's gains are encouraging, from a candle perspective Monday's price
pattern is a bullish engulfing that signals a possible end to the recent
correction. Last week's gains stalled at 1.3281, 61.8% of the Dec 13 - Dec 23
decline. A breach would open 1.3514. Dec 13 high. Support is at 1.3054.
To read the full story
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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.