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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.
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Free AccessMNI POLITICAL RISK - Trump Rounds Out Cabinet Nominations
MNI POLITICAL RISK ANALYSIS - Week Ahead 25 Nov-1 Dec
Corrective Pullback
- RES 4: 1.2667 High May 27 2022
- RES 3: 1.2648 2.0% 10-dma envelope
- RES 2: 1.2599 High Jun 7 2022
- RES 1: 1.2525 High Apr 4 and the bull trigger
- PRICE: 1.2436 @ 15:28 BST Apr 11
- SUP 1: 1.2345 Low Apr 4 0
- SUP 2: 1.2314/2275 20-day EMA / Low Apr 3
- SUP 3: 1.2209 50-day EMA
- SUP 4: 1.2191 Low Mar 24
GBPUSD maintains a bullish tone and the recent move lower is considered corrective. The pair has breached 1.2448, Jan 23 high and the top of a broad range that started Dec 14 2022. This marks an important medium-term development signalling the next stage of the uptrend that started Sep 26 last year. The focus is on 1.2648, the top of a MA envelope study. The bull trigger is 1.2525, Apr 4 high. Support is at 1.2314, 20-day EMA.
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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.