Free Trial

Fresh Highs

GBPUSD TECHS
  • RES 4: 1.4082 1.00 proj of May - Sep 2020 rally from Sep 23 low
  • RES 3: 1.3998 High Apr 26, 2018
  • RES 2: 1.3935 High Apr 27, 2018
  • RES 1: 1.3804 High Apr 30, 2018
  • PRICE: 1.3794 @ 17:06 GMT Feb 9
  • SUP 1: 1.3667 20-day EMA
  • SUP 2: 1.3567 Low Feb 4 and key support
  • SUP 3: 1.3552/20 Low 50-day EMA / Low Jan 18 and key support
  • SUP 4: 1.3505 Low Jan 12

GBPUSD is firmer and has traded higher still Tuesday to breach recent resistance at 1.3759, Jan 27 high. The break higher confirms a resumption of the underlying uptrend that has been in place since the early March 2020 reversal. The focus is on 1.3804 next, Apr 30, 2020 high. On the downside, firm support lies at 1.3567, Feb 4 low. A break is required to dent the current bullish theme.

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.