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FRANCE DATA

PMI data: Inflationary pressures "grew stronger"

BONDS

Day ahead

SOUTH AFRICA

Local Press Warns Transnet Could Become Next Eskom

SILVER TECHS

Eyeing Key Resistance

Eyeing Key Resistance

GBPUSD TECHS
  • RES 4: 1.4407 2.0% 10-dma envelope
  • RES 3: 1.4315 High Apr 18, 2018
  • RES 2: 1.4237 High Feb 24 and a key resistance
  • RES 1: 1.4234 High May 21
  • PRICE: 1.4157 @ 15:49 BST May 24
  • SUP 1: 1.4100 Low May 19
  • SUP 2: 1.4006/3972 Low May 13 / Low May 10
  • SUP 3: 1.3938 50-day EMA
  • SUP 4: 1.3801 Low May 3 and a key support

The GBPUSD outlook remains bullish. Price action recently cleared a number of resistance levels, reinforcing a positive theme and sights are on resistance at 1.4237, Feb 24 high. A break would reinforce a bullish case and confirm a resumption of the broader uptrend that started March 2020. On the downside, initial firm support is unchanged at 1.4006, May 13 low where a break would suggest scope for a deeper pullback.

MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com