MNI JAPAN NOV HOUSEHOLD SPENDING -0.4% Y/Y; OCT -1.3%

MNI BRIEF: Canada Interest Cost 11% Of Revenue, Most Since '12

MNI: Fed’s Schmid Says Rates Nearing Neutral, Can Be Patient

MNI BRIEF: Banxico Set To Consider Larger Rate Cuts - Minutes

MNI: Fed’s Collins Calls For Gradual Approach To Rate Cuts

MNI BRIEF: Mexico Inflation Up To 4.21%, More Rate Cuts Loom

EZ/UK Bond Supply Calendar: EU Synd; IT Auction, BoE APF Mon

MNI: EUROZONE NOV RETAIL SALES +0.1% M/M, +1.2% Y/Y

MNI: GERMANY NRW DEC CPI +0.5% M/M, +2.5% Y/Y

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Fall Heads Toward Base Of 6.....>

EURO-STERLING TECHS
EURO-STERLING TECHS: Fall Heads Toward Base Of 6 Month Trading Range
*RES 4: Stg0.8874 Mar 15 high
*RES 3: Stg0.8839 Mar 16 high
*RES 2: Stg0.8800/08 Mar 19 hourly high, Mar 16 low
*RES 1: Stg0.8765/75 Hourly resistance
*PRICE: Stg0.8714 @0926GMT
*SUP 1: Stg0.8708 Mar 21 low
*SUP 2: Stg0.8687 Jan 25 low
*SUP 3: Stg0.8642 Jun 8 low
*SUP 4: Stg0.8633 2% volatility band
*COMMENTARY* The fallout from the failure to deal with the top of the congested
6 month trading area early in the month, has continued apace this week. A low of
Stg0.8708 on Wednesday, as we head toward the base of the range at Stg0.8687. In
the meantime, any recovery will need to deal with resistance from
Stg0.8765-Stg0.8775 before seeing the opportunity of some respite and greater
correction of those losses from the Mar 7 high at Stg0.8968.
Foreign Exchange Technical AnalysisMarketsForeign Exchange Bullets
Foreign Exchange Technical AnalysisMarketsForeign Exchange Bullets

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.