Free Trial

Bulls pause for breath: *RES 4:.........>

CABLE TECHS
CABLE TECHS: Bulls pause for breath:
*RES 4: 1.2739 200-dma
*RES 3: 1.2582 High Jul 15
*RES 2: 1.2558 High Jul 18
*RES 1: 1.2527/01 High Sep 17 / 100-dma
*PRICE: 1.2468 @ 04:13 GMT Sep 19
*SUP 1: 1.2393 Low Sep 17
*SUP 2: 1.2327 Low Sep 13
*SUP 3:1.2284/78 Low Sep 12 / 50-dma
*SUP 4:1.2234/10 Low Sep 9 and Sep 5
GBPUSD continues to consolidate with the broader technical outlook unchanged and
bullish conditions holding. Momentum and short-term moving average studies
remain firm. The 100-dma continues to provide an area of resistance. A break
above 1.2527, the Tuesday high would confirm a resumption of the uptrend and
clear the 100-dma, opening 1.2558 and 1.2582 next. Support lies at Tuesday's
1.2393 low ahead of 1.2327, Sep 13 low.

To read the full story

Close

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.