Free Trial

Coming under small pressure

GBP
  • Pound coming under small pressure again, versus the EUR and JPY.
  • JPY is supported on the risk off play.
  • Cable is starting to dip also.
  • QUICK TECH:
  • Cable support is at 1.3400 where good demand has been noted ahead of that level, managing to print at 1.3412 low on the 29th.
  • EURGBP resistance is at 0.8658 High Sep 29
  • USDJPY support is at 110.80 High Aug 11
  • Strangely, DXY is at session low, and EURUSD (most weighted) is at session high.
  • Resistance for EURUSD, moves down to 1.1609

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.