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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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Free AccessMNI ASIA OPEN: Nov Job Gains, Fed Blackout, CPI/PPI Ahead
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MNI ASIA MARKETS ANALYSIS: Jobs Data Green Lights Rate Cuts
Gbp0.8789 Resistance Key........>
EURO-STERLING TECHS: Gbp0.8789 Resistance Key Today
*RES 4: Gbp0.8904 Low Mar 8 now resistance
*RES 3: Gbp0.8860 200-DMA
*RES 2: Gbp0.8844 High May 4
*RES 1: Gbp0.8789 High May 16
*PRICE: Gbp0.8770 @ 0430GMT
*SUP 1: Gbp0.8751 Hourly support May 21
*SUP 2: Gbp0.8710 Low May 17
*SUP 3: Gbp0.8678 Low Apr 26
*SUP 4: Gbp0.8664 Hourly breakout level Apr 18
*COMMENTARY: The rally from ahead of last week's low Monday resulted in closes
above 21 (Gbp0.8775) & 55 (Gbp0.8764) DMAs with bulls now needing a close above
Gbp0.8789 to confirm traction above the 55-DMA and to return pressure to
Gbp0.8844-0.8904 where the 200-DMA is located. The Gbp0.8710 support remains key
this week. Bears now need a close below this level to shift overall focus to
retests of 2018 lows.
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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.