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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 EUROPEAN OPEN: Sharp Fall In China Bond Yields Continues
MNI BRIEF: RBA Details Hypothetical Monetary Policy Paths
Focus Is On Key Support At 1.3135
- RES 4: 1.3712 Low Mar 1, 2018
- RES 3: 1.3677 76.4% retracement of the 2017 - 2020 downtrend
- RES 2: 1.3624 High Dec 17 and the bull trigger
- RES 1: 1.3503 High Dec 21
- PRICE: 1.3402 @ 05:54 GMT Dec 23
- SUP 1: 1.3188 Low Dec 21
- SUP 2: 1.3135 Low Dec 11 and key support
- SUP 3: 1.3106 Low Nov 12
- SUP 4: 1.3092 Trendline support drawn off the Sep 23 low
GBPUSD traded sharply lower Monday as the USD strengthened and Brexit related matters weighed on sentiment. The pair however recovered off 1.3188 but conditions remain volatile. The sharp sell-off from last week's 1.3264 high on Dec 17 highlights the importance of 1.3135, Dec 11 low as support. A break would undermine the recent uptrend and signal scope for a deeper pullback. Initial resistance is seen at 1.3503, Dec 21 high.
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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.