Free Trial

Gbp0.8841-0.8926 Resistance.....>

EURO-STERLING TECHS
EURO-STERLING TECHS: Gbp0.8841-0.8926 Resistance Region Key
*RES 4: Gbp0.8907 High Sept 15
*RES 3: Gbp0.8886 High Sept 22
*RES 2: Gbp0.8841 High Sept 29
*RES 1: Gbp0.8828 Hourly resistance Sept 29
*PRICE: Gbp0.8810 @ 0330GMT
*SUP 1: Gbp0.8802 Hourly support Sept 29 
*SUP 2: Gbp0.8787 Hourly resistance Sept 28 now support 
*SUP 3: Gbp0.8758 Hourly support Sept 27 
*SUP 4: Gbp0.8746 Low Sept 27
*COMMENTARY: Bulls took comfort in the bounce to end the week with layers of
resistance Gbp0.8841-0.8926 remaining key. Bulls now look for a close above
Gbp0.8841 to add to bullish confidence and above the 21-DMA (Gbp0.8926) to shift
initial focus back to the 55-DMA (Gbp0.9012). Bears continue to look for a close
below the 55-WMA (Gbp0.8716) 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.