Free Trial

FX TECHS: Sterling Bounces

STERLING SUMMARY
  • EURGBP is through 0.8800 once again. The break lower resumes the current downtrend with the focus on 0.8759, the May 12, 2020 low.
  • GBPCHF tests above 1.2300. The next resistance is at 1.2337, the Mar 5, 2020 high.
  • Cable bounces off the day low of 1.3567. Key resistance is still far off at 1.3759, Jan 27 high.

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.