Free Trial

GBPUSD pares early European losses to.........>

CABLE
CABLE: GBPUSD pares early European losses to reclaim the $1.27 level. Bulls will
need to clear the Asia high at $1.2720 to build on recent momentum, a break
opens the Dec 24 high & 38.2% retracement of $1.3175-1.2478 at $1.2739/44. The
move takes EURGBP back under Gbp0.90, a level that previously held. Next support
is seen at Gbp0.8975/74 from the Dec27 low/76.4% Gbp0.8947-0.9061.

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.