CORRECTED-MNI: Fed's Hammack-Near Or At Time To Slow Rate Cuts

MNI BRIEF: Fed's Goolsbee Sees Rates Fair Bit Lower In A Year

CANADA JOBLESS RATE +6.8% VS FORECAST +6.6%, PRIOR +6.5%

MNI China Daily Summary: Friday, December 6

MNI: PBOC Net Drains CNY288.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1848 Fri; -1.64% Y/Y

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

GBPUSD TECHS: Northbound

GBPUSD TECHS
USForeign Exchange Technical AnalysisGlobalCEEMEABulletUKMarketsForeign Exchange BulletsRegionNorth America
  • RES 4: 1.3527 2.00 proj of the Jun 27 - Jul 17 - Aug 8 price swing
  • RES 3: 1.3500 Round number resistance
  • RES 2: 1.3425 1.764 proj of the Jun 27 - Jul 17 - Aug 8 price swing
  • RES 1: 1.3362 1.618 proj of the Jun 27 - Jul 17 - Aug 8 price swing
  • PRICE: 1.3350 @ 19:45 BST Sep 23
  • SUP 1: 1.3249/3162 Low Sep 23 / 20-day EMA
  • SUP 2: 1.3024/3002 50-day EMA / Low Sep 11
  • SUP 3: 1.2890 Low Aug 19
  • SUP 4: 1.2852 Low Aug 16   

GBPUSD traded higher Monday and started the week on a bullish note. Last week’s climb resulted in a print above key resistance at 1.3266, the Aug 27 high. This breach confirms a resumption of the medium-term uptrend. Note too that moving average studies are in a bull-mode position, reflecting a clear uptrend. Sights are on 1.3362 next, a Fibonacci projection point. Initial firm support is 1.3146, the 20-day EMA.

155 words

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.
  • RES 4: 1.3527 2.00 proj of the Jun 27 - Jul 17 - Aug 8 price swing
  • RES 3: 1.3500 Round number resistance
  • RES 2: 1.3425 1.764 proj of the Jun 27 - Jul 17 - Aug 8 price swing
  • RES 1: 1.3362 1.618 proj of the Jun 27 - Jul 17 - Aug 8 price swing
  • PRICE: 1.3350 @ 19:45 BST Sep 23
  • SUP 1: 1.3249/3162 Low Sep 23 / 20-day EMA
  • SUP 2: 1.3024/3002 50-day EMA / Low Sep 11
  • SUP 3: 1.2890 Low Aug 19
  • SUP 4: 1.2852 Low Aug 16   

GBPUSD traded higher Monday and started the week on a bullish note. Last week’s climb resulted in a print above key resistance at 1.3266, the Aug 27 high. This breach confirms a resumption of the medium-term uptrend. Note too that moving average studies are in a bull-mode position, reflecting a clear uptrend. Sights are on 1.3362 next, a Fibonacci projection point. Initial firm support is 1.3146, the 20-day EMA.