Free Trial

GBPUSD is currently charting a symmetrical....>

CABLE
CABLE: GBPUSD is currently charting a symmetrical triangle, suggesting a
breakout is imminent.
- Focus on today's EU Brexit summit where a decision will be made on the UK's
request for an extension.
- A break of triangle support at 1.2998, opens the 200-dma at 1.2973. Below here
opens the Mar 1 low & 100-dma at 1.2949/37.
- A triangle top breakout at 1.3148 opens the 50% retracement level of
1.3381-1.2978 & Apr 3 high at 1.3180/96.
- Seasonality trends have seen GBPUSD register gains in April thirteen of the
last fourteen years, currently +0.36%.
https://emedia.marketnews.com/marketnewsintl/GBPUSD.png

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.