MNI BRIEF: March Consumer Inflation Expectations Mixed -NY Fed

MNI BRIEF: China Pork Prices Climb For 5th Straight Week

MNI EM China Daily Summary: Monday, April 8

MNI: PBOC Conducts Net CNY2 Bln Via OMO Mon; Rates Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.0947 Mon; -4.91% Y/Y

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS MON

Labour Market Continues Slow And Steady Loosening

US Treasury Auction Calendar

EZ/UK Bond Supply Calendar: Belgium, Austria, UK and Germany To Issue

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Extends Gains

CABLE TECHS
  • RES 4: 1.2280 High Sep 7
  • RES 3: 1.3174 61.8% retracement of the Sep 1 - 23 sell-off
  • RES 2: 1.3139 Former trendline support drawn off the Mar 20 low
  • RES 1: 1.3083 High Oct 12
  • PRICE: 1.3066 @ 17:34 BST Oct 12
  • SUP 1: 1.2926 20- day and 50-day EMA
  • SUP 2: 1.2846 Low Oct 7
  • SUP 3: 1.2806 Low Sep 30 and key near-term support
  • SUP 4: 1.2745 Low Sep 28

GBPUSD maintains a bullish tone and traded higher Monday. The pair cleared key resistance at 1.3007 on Oct 9, negating recent bearish signals and confirming a resumption of the current bullish cycle. 1.3079 has been achieved opening 1.3139 next. The former is a Fibonacci retracement and the latter, the former trendline support drawn off the Mar 20 low. To re-engage with any bearish themes, Cable needs to break 1.2846, Oct 7 low.

Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsForeign Exchange Bullets

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.