Free Trial

Failed Break Higher A firm UK jobs......>

CABLE TECHS
CABLE TECHS: Failed Break Higher
A firm UK jobs report saw GBPUSD show above the 1.33 handle, but bulls were left
wanting as the pair returned to respect the recent 1.32-1.33 range. Bulls
continue to look for a close above 1.33 which remains tough to overcome. Above
here, Wednesday's high & a 50% retracement level sit at 1.3381/1.3409. Bears
need a close below 1.32 to put the 100-hma & 50% retracement level back into
view at 1.3178/65.

To read the full story

Close

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.