Free Trial

Consolidates Above 100 & 200-dma's......>

CABLE TECHS
CABLE TECHS: Consolidates Above 100 & 200-dma's
Lack of Brexit headlines allowed GBPUSD to consolidate above the 100 & 200-dma's
with the rally extending through 1.30. A positive close would trigger renewed
bullish signals opening a move towards the cloud base & 61.8% retracement level
at 1.3026/31. The Apr 17 high & 55-dma are placed behind at 1.3067/87. On the
downside bears need to clear the 1.29 level, before returning the focus to
Friday's low at 1.2866.

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.