Free Trial
AUDNZD

Dips Sub 1.0900 Supported

JGBS

Bull Flattening, 30-Year Supply Eyed

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

Corrective Bounce Arrives At The 20-Day EMA

GBPUSD TECHS
  • RES 4: 1.1906 50-day EMA
  • RES 3: 1.1783 High Aug 29
  • RES 2: 1.1708 High Sep 12
  • RES 1: 1.1703/10 20-day EMA / High Sep 9
  • PRICE: 1.1689 @ 06:23 BST Sep 13
  • SUP 1: 1.1580 Low Sep 12
  • SUP 2: 1.1412/06 Low Mar 20 2020 and major support / Low Sep 7
  • SUP 3: 1.1324 1.50 proj of the Jun 16 - Jul 14 - Aug 1 price swing
  • SUP 4: 1.1300 Round number support

The trend needle in GBPUSD points south despite the latest gains - a correction. A bearish sequence of lower lows and lower highs highlight a downtrend. Key support at 1.1412, Mar 20 2020 low, has been pierced. This is a key level and a break would strengthen bearish conditions. The 20-day EMA intersects at 1.1703. A clear break would signal scope for a stronger recovery and allow an oversold trend condition to unwind.

143 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: 1.1906 50-day EMA
  • RES 3: 1.1783 High Aug 29
  • RES 2: 1.1708 High Sep 12
  • RES 1: 1.1703/10 20-day EMA / High Sep 9
  • PRICE: 1.1689 @ 06:23 BST Sep 13
  • SUP 1: 1.1580 Low Sep 12
  • SUP 2: 1.1412/06 Low Mar 20 2020 and major support / Low Sep 7
  • SUP 3: 1.1324 1.50 proj of the Jun 16 - Jul 14 - Aug 1 price swing
  • SUP 4: 1.1300 Round number support

The trend needle in GBPUSD points south despite the latest gains - a correction. A bearish sequence of lower lows and lower highs highlight a downtrend. Key support at 1.1412, Mar 20 2020 low, has been pierced. This is a key level and a break would strengthen bearish conditions. The 20-day EMA intersects at 1.1703. A clear break would signal scope for a stronger recovery and allow an oversold trend condition to unwind.