Free Trial

Bulls Testing 100-dma The bullish......>

CABLE TECHS
CABLE TECHS: Bulls Testing 100-dma 
The bullish outlook for GBPUSD remains intact following yesterday's gains, with
the 100-dma at 1.3169 the next level of resistance to further gains. Above here
confirms a bullish reversal pattern, opening the July 9 high at 1.3363. Bears
need to see a close back below the 50-dma at 1.2988 to suggest the recent gains
have marked a false break, but momentum is rapidly turning in favour of the
bulls. 

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.