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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 US MARKETS ANALYSIS - USD/JPY Erases Election Rally
MNI US OPEN - RBNZ Cuts 50bps, OCR Forecast Slightly Higher
MNI China Daily Summary: Wednesday, November 27
Eyeing 1.40
- RES 4: 1.4082 1.00 proj of May - Sep 2020 rally from Sep 23 low
- RES 3: 1.4031 High Apr 23, 2018
- RES 2: 1.3998 High Apr 26, 2018
- RES 1: 1.3986 High Feb 18
- PRICE: 1.3955 @ 16:27 GMT Feb 18
- SUP 1: 1.3830 Low Feb 17
- SUP 2: 1.3776 Low Feb and Key near-term support
- SUP 3: 1.3737 Low Feb 9
- SUP 4: 1.3636 50-day EMA
GBPUSD topped the Tuesday high of 1.3952 on Thursday, taking out key resistance on the move higher. Dips are considered corrective with the pair maintaining a bullish tone following the recent resumption of the uptrend. Moving average studies are in a bull mode too and this reinforces current conditions. The focus is on 1.3998 next, Apr 26, 2018 high. On the downside, firm near-term support lies at 1.3776, Feb 12 low. A break would dent the current sentiment.
To read the full story
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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.