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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 AccessCorrective Pullback
- RES 4: 1.3174 61.8% retracement of the Sep 1 - 23 sell-off
- RES 3: 1.3128 Former trendline support drawn off the Mar 20 low
- RES 2: 1.3079 50.0% retracement of the Sep 1 - 23 sell-off
- RES 1: 1.3060 Intraday high
- PRICE: 1.3014 @ 10:33 BST Oct 12
- SUP 1: 1.2926 20- day and 50-day EMA
- SUP 2: 1.2846 Low Oct 7
- SUP 3: 1.2806 Low Sep 30 and key near-term support
- SUP 4: 1.2745 Low Sep 28
GBPUSD is lower this morning but maintains a bullish tone. The pair cleared key resistance at 1.3007 Friday, negating recent bearish signals and confirming a resumption of the current bullish cycle. This has opened 1.3079 ahead of 1.3128. The former is a Fibonacci retracement and the latter, the former trendline support drawn off the Mar 20 low. To re-engage with any bearish themes, Cable needs to break 1.2846, Oct 7 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.