Free Trial

CHART: Russian Crude Exports


Diesel Higher on Druzbha Disruption to Refineries


‌‌(U2)‌‌ Trendline Support Still Intact


EGB/Gilt - US CPI tomorrow


Expiries for Aug10 NY cut 1000ET (Source DTCC)

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

Eyeing Key Resistance

  • RES 4: 1.4315 High Apr 18, 218
  • RES 3: 1.4237 High Feb 24 and a key resistance
  • RES 2: 1.4187 2.0% 10-dma envelope
  • RES 1: 1.4158 High May 10
  • PRICE: 1.4127 @ 06:16 BST May 11
  • SUP 1: 1.3972 Low May 10
  • SUP 2: 1.3858 Low May 6
  • SUP 3: 1.3801 Low May 3
  • SUP 4: 1.3746 Bull channel base drawn off the May 2020 low

GBPUSD rallied sharply higher Monday. The pair has cleared a number of resistance levels reinforcing current bullish conditions with sights set on the key resistance at 1.4237, Feb 24 high. A break of 1.4237 would strengthen a bullish case and importantly confirm a resumption of the broader uptrend that started in March 2020. On the downside, initial support is at Monday's intraday low of 1.3972.

MNI London Bureau | +44 203-586-3805 |
MNI London Bureau | +44 203-586-3805 |

To read the full story

Why Subscribe to

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.