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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 AccessGBPUSD TECHS: Bullish Condition Holds, Despite Fade Off Highs
- RES 4: 1.3193 2.236 proj of the Apr 22 - May 3 - 9 price swing
- RES 3: 1.3142 High Jul 14 ‘23 and a key resistance
- RES 2: 1.3094 Bull channel top drawn from the Oct 4 ‘23 low
- RES 1: 1.3044 High Jul 17
- PRICE: 1.2917 @ 07:52 BST Jul 22
- SUP 1: 1.2901 Low Jul 19
- SUP 2: 1.2829/2746 20- and 50-day EMA
- SUP 3: 1.2613 Low Jun 27
- SUP 4: 1.2584 Low May 15
GBPUSD remains in a bull-mode condition despite the dip back below 1.30. Wednesday’s gains once again confirm a resumption of the current bull phase and the extension higher highlights a stronger medium-term bullish condition. Price has cleared the 1.3000 handle, signalling scope for an extension towards 1.3094, the top of a bull channel drawn from the Oct 4 low of last year. Firm short-term support is seen at 1.2829, the 20-day EMA.
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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.