Free Trial

Cycle Lows GBPUSD slipped to 18-month...>

CABLE TECHS
CABLE TECHS: Cycle Lows
GBPUSD slipped to 18-month lows following reports from various news outlets that
PM May's Meaningful vote is now as good as delayed. Bears target the 1.618%
swing target of $1.2659-1.2735 at 1.2612, expect support behind protecting the
1.26 level. Bulls need to recover the 21-dma at 1.2805 to change the short-term
outlook, before challenging the 50 & 100-dma's at 1.2927/55.

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.