MNI BRIEF: EZ Inflation To Beat December Projection - Villeroy

MNI BRIEF: Japan's Trimmed Mean Hits Record 3.1% in Dec - BOJ

MNI BRIEF: Italy Economy Can Handle Further Rate Hikes- Visco

Coming up in the Asia-Pac session on Wednesday

US Treasury Auction Calendar

SARB Watch

(RPT)MNI INTERVIEW: BOC In One And Done Zone - Chamber

Rpt- MNI INTERVIEW: BOC Losses May Dent Inflation Fight- Tombe

MNI BRIEF: EU Sees Statement After UK-EU Talks This Afternoon

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial
AUSTRALIA

Wholesale Electricity Prices Fell Sharply In Q4

JGBS

Firmer On Global Impulse, Although Ranges Contained

AUSSIE BONDS

Bonds Bid As Cash Rate Pricing Pulls Lower In Lieu Of NZ CPI

US TSYS

Modestly Richer To Start

FOREX

USD Steady, NZD Weighed By CPI, AU Inflation Out Soon

AUSTRALIA DATA

Westpac Leading Index Signals Below Trend H1 2023 Growth

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
Trending Top 5
Market News Topics

Clears The 200 DMA

GBPUSD TECHS
Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsForeign Exchange News
  • RES 4: 1.2667 High May 27
  • RES 3: 1.2599 High Jun 7
  • RES 2: 1.2506 1.382 proj of the Sep 26 - Oct 5 - Oct 12 price swing
  • RES 1: 1.2339 1.236 proj of the Sep 26 - Oct 5 - Oct 12 price swing
  • PRICE: 1.2256 @ 19:54 GMT Dec 1
  • SUP 1: 1.2054/1901 Low Dec 1 / Low Nov 30
  • SUP 2: 1.1829 20-day EMA
  • SUP 3: 1.1660 50-day EMA
  • SUP 4: 1.1500 Round number support

Trend conditions in GBPUSD remain bullish and Thursday’s gains reinforce this condition - the break higher has confirmed a resumption of the uptrend and price has cleared the 200-dma. This maintains a bullish price sequence of higher highs and higher lows and note the moving averages are in a bull-mode position. The focus is on 1.2339, a Fibonacci projection. Key short-term support has been defined at 1.1901, Wednesday’s low.

142 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.
  • RES 4: 1.2667 High May 27
  • RES 3: 1.2599 High Jun 7
  • RES 2: 1.2506 1.382 proj of the Sep 26 - Oct 5 - Oct 12 price swing
  • RES 1: 1.2339 1.236 proj of the Sep 26 - Oct 5 - Oct 12 price swing
  • PRICE: 1.2256 @ 19:54 GMT Dec 1
  • SUP 1: 1.2054/1901 Low Dec 1 / Low Nov 30
  • SUP 2: 1.1829 20-day EMA
  • SUP 3: 1.1660 50-day EMA
  • SUP 4: 1.1500 Round number support

Trend conditions in GBPUSD remain bullish and Thursday’s gains reinforce this condition - the break higher has confirmed a resumption of the uptrend and price has cleared the 200-dma. This maintains a bullish price sequence of higher highs and higher lows and note the moving averages are in a bull-mode position. The focus is on 1.2339, a Fibonacci projection. Key short-term support has been defined at 1.1901, Wednesday’s low.