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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 AccessClears Resistance
- RES 4: 1.2643 High Sep 4
- RES 3: 1.2589 50.0% retracement of the Jul 14 - Oct 4 bear leg
- RES 2: 1.2535 2.0% 10-dma envelope
- RES 1: 1.2506/14 High Nov 14 / 3.0% Upper Bollinger Band
- PRICE: 1.2492 @ 06:21 GMT Nov 15
- SUP 1: 1.2305 50-day EMA
- SUP 2: 1.2187 Low Nov 10 and key short-term support
- SUP 3: 1.2138 Low Nov 2
- SUP 4: 1.2070 Low Oct 26
GBPUSD rallied sharply higher Tuesday to confirm a resumption of the bull cycle that started on Oct 4. Resistance at 1.2428, the Nov 6 high, has been cleared and note that price is also through 1.2459, the 38.2% retracement of the Jul 14 - Oct 4 bear leg. This signals scope for a climb towards 1.2589 next, the 50.0% retracement point. On the downside, firm short-term support has been defined at 1.2187, the Nov 10 low.
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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.