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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 Injects CNY37.3 Bln via OMO Wednesday
MNI ASIA MARKETS OPEN: Tsy Curves Reverse Course Ahead Wed CPI
Bulls Remain In The Driver’s Seat
- RES 4: 1.3328 76.4% retracement of the Jun ‘21 - Sep ‘22 downleg
- RES 3: 1.3258 1.236 proj of the May 25 - Jun 16 - Jun 29 price swing
- RES 2: 1.3165 Bull channel top drawn from the Mar 8 low
- RES 1: 1.3131 1.00 proj of the May 25 - Jun 16 - Jun 29 price swing
- PRICE: 1.3111 @ 15:53 BST Jul 13
- SUP 1: 1.2904/2848 Low Jul 12 / High Jun 16
- SUP 2: 1.2751/2674 20-day EMA / Low Jul 6
- SUP 3: 1.2674 Low Jul 6
- SUP 4: 1.2625/13 50-day EMA / Channel base drawn from Mar 8 low
GBPUSD bulls remain in the driver’s seat and the pair is firmer again Thursday. This week’s clearance of resistance at 1.2848, the Jun 16 high, confirms a resumption of the medium-term uptrend and maintains the bullish price sequence of higher highs and higher lows. Note that moving average studies are in a bull-mode position. The focus is on 1.3131 next, a Fibonacci projection. Initial firm support lies at 1.2751, 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.