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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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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI: China CFETS Yuan Index Down 0.36% In Week of Dec 6
MNI: PBOC Net Injects CNY13.8 Bln via OMO Monday
MNI BRIEF: PBOC Increases Gold Reserves
Downtrend Remains Intact
- RES 4: 1.3698 High Nov 4
- RES 3: 1.3607 High Nov 9
- RES 2: 1.3514 High Nov 18 and a key resistance
- RES 1: 1.3321/70 20-day EMA / High Nov 30
- PRICE: 1.3236 @ 16:33 GMT Dec 14
- SUP 1: 1.3163 Low Dec 08
- SUP 2: 1.3122 1.0% 10-dma envelope
- SUP 3: 1.3135 Low Dec 11 2020
- SUP 4: 1.3063 3.0% Lower Bollinger Band
GBPUSD has failed to hold onto Friday’s gains. The pair remains in a downtrend. Last week’s move to a fresh trend low of 1.3163 on Dec 8 confirmed a resumption of the downtrend and maintains a bearish price sequence of lower lows and lower highs. The focus is on a vol-band support at, 1.3122 today, ahead of the Dec 11 2020 lows of 1.3131. Resistance to watch is at 1.3321, the 20-day EMA. A break would be bullish.
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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.