Free Trial
US TSYS

Repo Reference Rates

US TSY FUTURES

Jun Futures Roll Update, Nearly Complete

US EURODLR OPTIONS

Sep Quarterly Broken Call FLy

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
CABLE TECHS
CABLE TECHS: Direction South
*RES 4: 1.2643/48 High Apr 13 /High Apr 14 and the bull trigger
*RES 3: 1.2516 High May 4
*RES 2: 1.2467 High May 20 and key resistance
*RES 1: 1.2340 High May 13
*PRICE: 1.2203 @ 10:21 BST May 15
*SUP 1: 1.2166 Low Apr 7, May 14 and a key support
*SUP 2: 1.2030 50% retracement of the Mar 20 - Apr 14 rally
*SUP 3: 1.2000 Round number support
*SUP 4: 1.1884 61.8% retracement of the Mar 20 - Apr 14 rally
GBPUSD this week eased through the key near-term support of 1.2248, Apr 21 low
and the base of the recent range. The break shifts the outlook negative for now
and also highlights a likely reversal. 1.2166 support, Apr 7 low was tested
yesterday, a clear break would expose 1.2132, Mar 27 low and 1.2030, a
retracement level. Firm resistance has been defined at 1.2467, May 8 high.
Initial resistance is at 1.2340, Wednesday's high.

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.