Free Trial
UK

What to watch

SOUTH AFRICA

Transnet Delays Could Persist For as Long As a Month

OIL

Crude Markets Flat in Early Session

GOLD TECHS

Closing In On The Bear Trigger

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
CABLE TECHS
CABLE TECHS: Focus Reverts To Key Support
*RES 4: 1.2726 Low Feb 28
*RES 3: 1.2643/48 High Apr 13 /High Apr 14 and the bull trigger
*RES 2: 1.2516 High May 4
*RES 1: 1.2450 High May 6
*PRICE: 1.2350 @ 10:30 BST May 7
*SUP 1: 1.2298 Low Apr 24
*SUP 2: 1.2248 Low Apr 21 and the bear trigger
*SUP 3: 1.2166 Low Apr 7 and a key support
*SUP 4: 1.2132 Low Mar 27
GBPUSD traded weaker Wednesday and remains vulnerable. Attention has recently
been on resistance at 1.2648, Apr 14 high. A break is required to confirm a
resumption of the uptrend since Mar 20 and open 1.2726, Feb 28 low. Following
this week's pullback though, attention now turns to key support at 1.2248, Apr
21 low. A breach if seen, would highlight a reversal. 1.2298 is initial support.

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.