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MNI: PBOC Net Injects CNY175 Billion via OMOs Thursday

CHINA PBOC INJECTS CNY239 BILLION VIA 7-DAY REVERSE REPOS THURS

CHINA SETS YUAN CENTRAL PARITY AT 6.8886 THURS VS 6.8771

Coming Up In The Asia-Pac Session On Thursday

EZ/UK Bond Supply Calendar: Italy to sell BTP / CCTeu on Thurs

US EIA: CRUDE OIL STOCKS EX SPR -7.49M TO 473.7M MAR 24 WK

MNI INTERVIEW: Canada Budget Keeps BOC On Pause: Ex Official

MNI BRIEF: FDIC To Conduct Review Of Deposit Insurance

MNI BRIEF: Fed's Barr: Will Use All Tools To Keep Banks Safe

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GBPUSD TECHS
Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsForeign Exchange News
  • RES 4: 1.2506 1.382 proj of the Sep 26 - Oct 5 - Oct 12 price swing
  • RES 3: 1.2401/2448 High Feb 2 / High Jan 23 and the bull trigger
  • RES 2: 1.2265 High Feb 3
  • RES 1: 1.2138 50-day EMA
  • PRICE: 1.2013 @ 16:08 GMT Feb 7
  • SUP 1: 1.1953 200-dma
  • SUP 2: 1.1919 3.0% 10-dma envelope
  • SUP 3: 1.1842 Low Jan 6 and a reversal trigger
  • SUP 4: 1.1800 Round number support

GBPUSD continues to weaken and has traded through 1.2000. The move lower reinforces the current short-term bearish theme and signals scope for a continuation. Sights are on the 200-dma next at 1.1953. A move through this level would expose key support at 1.1842, Jan 6 low. A breach of the latter would highlight a potential trend reversal and a possible double top. Firm resistance is 1.2265, Friday’s high. Key resistance is 1.2448, Jan 23 high.

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  • RES 4: 1.2506 1.382 proj of the Sep 26 - Oct 5 - Oct 12 price swing
  • RES 3: 1.2401/2448 High Feb 2 / High Jan 23 and the bull trigger
  • RES 2: 1.2265 High Feb 3
  • RES 1: 1.2138 50-day EMA
  • PRICE: 1.2013 @ 16:08 GMT Feb 7
  • SUP 1: 1.1953 200-dma
  • SUP 2: 1.1919 3.0% 10-dma envelope
  • SUP 3: 1.1842 Low Jan 6 and a reversal trigger
  • SUP 4: 1.1800 Round number support

GBPUSD continues to weaken and has traded through 1.2000. The move lower reinforces the current short-term bearish theme and signals scope for a continuation. Sights are on the 200-dma next at 1.1953. A move through this level would expose key support at 1.1842, Jan 6 low. A breach of the latter would highlight a potential trend reversal and a possible double top. Firm resistance is 1.2265, Friday’s high. Key resistance is 1.2448, Jan 23 high.