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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
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MNI ASIA MARKETS ANALYSIS: Jobs Data Green Lights Rate Cuts
Fades Off Weekly High
- RES 4: 1.3835 High Oct 20 and key resistance
- RES 3: 1.3703/49 200-dma / High Jan 13
- RES 2: 1.3662 High Jan 20
- RES 1: 1.3643/44 High Feb 18 / 10
- PRICE: 1.3588 @ 16:46 GMT Feb 18
- SUP 1: 1.3487 Low Feb 15
- SUP 2: 1.3435 Low Feb 1
- SUP 3: 1.3358 Low Jan 27 and the bear trigger
- SUP 4: 1.3301 76.4% retracement of the Dec 8 - Jan 13 bull phase
GBPUSD touched a new weekly high on Friday, before slipping back into negative territory ahead of the close. The rate continues to trade inside its recent range and importantly above support at 1.3491, Feb 7 low. The outlook is bullish following recent gains from 1.3358, the Jan 27 low and scope is seen for a test of 1.3662 next, Jan 20 high. On the downside, a move below 1.3491, Feb 7 low would threaten the current bull theme and instead expose key support at 1.3358, Jan 27 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.