Free Trial

Gbp0.8816-0.8920 Resistance.....>

EURO-STERLING TECHS
EURO-STERLING TECHS: Gbp0.8816-0.8920 Resistance Region Key
*RES 4: Gbp0.8907 High Sept 15
*RES 3: Gbp0.8886 High Sept 22
*RES 2: Gbp0.8839 Hourly resistance Sept 22
*RES 1: Gbp0.8816 Hourly resistance Sept 25
*PRICE: Gbp0.8808 @ 0830GMT
*SUP 1: Gbp0.8787 Hourly resistance Sept 28 now support 
*SUP 2: Gbp0.8758 Hourly support Sept 27 
*SUP 3: Gbp0.8746 Low Sept 27 
*SUP 4: Gbp0.8741 Monthly Low July 14
*COMMENTARY: As daily studies correct from O/S, continued hesitation ahead of
the 55-WMA (Gbp0.8711) and 200-DMA is a concern for bears and hints at a
correction. Bulls continue to look for a close above Gbp0.8816 to ease bearish
pressure and above Gbp0.8920 to shift initial focus back to 21 & 55-DMAs
(Gbp0.8940-0.9011). Bears continue to look for a close below the 55-WMA to shift
focus to Gbp0.8523.

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.