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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 UST Issuance Deep Dive: Dec 2024
MNI US Employment Insight: Soft Enough To Keep Fed Cutting
MNI ASIA MARKETS ANALYSIS: Jobs Data Green Lights Rate Cuts
Extends This Week's Reversal Lower
- RES 4: 1.4103 76.4% retracement of the Feb 24 - Apr 12 downleg
- RES 3: 1.4095 2.0% 10-dma envelope
- RES 2: 1.4009/17 High Apr 20 / High Mar 4
- RES 1: 1.3950 Intraday high
- PRICE: 1.830 @ 19:28 BST Apr 22
- SUP 1: 1.3810 Low Apr 19 and key intraday support
- SUP 2: 1.3717 Low Apr 16
- SUP 3: 1.3670/69 Low Mar 25 / Low Apr 12 and key support
- SUP 4: 1.3567 Low Apr 2
GBPUSD faced strong selling pressure Thursday extending this week's reversal from 1.4009, Apr 20 high. Gains earlier this week stalled at the former bull channel base (1.4006), drawn off the Nov 2, 2020 low. This suggests recent gains have been corrective in nature and Thursday move lower signals scope for a deeper pullback. The focus is on 1.3810, Apr 19 low next. A break of 1.4009 is required to reinstate a bullish theme.
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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.