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Why MNI
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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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Free AccessEyeing The 1.4000 Handle
- 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: 1.3981 @ 06:25 GMT Feb 19
- 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: 1.3640 50-day EMA
GBPUSD rallied once again yesterday and topped the Tuesday high of 1.3952, taking out key resistance on the move higher. A bullish tone remains intact and Cable maintains a bullish price sequence of higher highs and higher lows. Moving average studies are in a bull mode too. The focus is on 1.3998 next, Apr 26, 2018 high and 1.4031, Apr 23 high. On the downside, firm near-term support lies at 1.3776, Feb 12 low.
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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.