Free Trial
US STOCKS

Late Equity Roundup, Off Late Session Lows

AUDUSD TECHS

Trend Direction Remains Down

STIR

BLOCK, Late Dec Quarterly Put Fly

US

Stopgap Bill Passes Senate

CANADA

Real Estate Prices Seen Falling Up To 15% - CMHC

COMMODITIES

Crude Oil Consolidates Yesterday's Corrective Bounce

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

Downtrend Accelerates

GBPUSD TECHS
  • RES 4: 1.1901 High Aug 26
  • RES 3: 1.1768 50-day EMA
  • RES 2: 1.1529/1738 20-day EMA / High Sep 13 and key resistance
  • RES 1: 1.1274/1385 Intraday high / High Sep 21
  • PRICE: 1.1012 @ 15:11 BST Sep 23
  • SUP 1: 1.0996 Low Sep 23
  • SUP 2: 1.0868 1.00 proj of the Aug 10 - Sep 7 - 13 price swing
  • SUP 3: 1.0849 2.236 proj of the Jun 16 - Jul 14 - Aug 1 price swing
  • SUP 4: 1.0754 2.382 proj of the Jun 16 - Jul 14 - Aug 1 price swing

Bearish trend conditions in GBPUSD remain intact and the pair continues to weaken - Friday’s move lower highlights an acceleration in the downtrend. The move lower maintains the bearish price sequence of lower lows and lower highs, signalling scope for a continuation. Note that moving average studies are in a bear mode set-up too. The focus is on a clean break of the 1.1000 handle next. Initial resistance is Friday’s 1.1274 intraday high.

162 words

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.
  • RES 4: 1.1901 High Aug 26
  • RES 3: 1.1768 50-day EMA
  • RES 2: 1.1529/1738 20-day EMA / High Sep 13 and key resistance
  • RES 1: 1.1274/1385 Intraday high / High Sep 21
  • PRICE: 1.1012 @ 15:11 BST Sep 23
  • SUP 1: 1.0996 Low Sep 23
  • SUP 2: 1.0868 1.00 proj of the Aug 10 - Sep 7 - 13 price swing
  • SUP 3: 1.0849 2.236 proj of the Jun 16 - Jul 14 - Aug 1 price swing
  • SUP 4: 1.0754 2.382 proj of the Jun 16 - Jul 14 - Aug 1 price swing

Bearish trend conditions in GBPUSD remain intact and the pair continues to weaken - Friday’s move lower highlights an acceleration in the downtrend. The move lower maintains the bearish price sequence of lower lows and lower highs, signalling scope for a continuation. Note that moving average studies are in a bear mode set-up too. The focus is on a clean break of the 1.1000 handle next. Initial resistance is Friday’s 1.1274 intraday high.