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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.
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Free AccessGBPUSD TECHS: Northbound
- 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: 1.3381 Intraday high
- PRICE: 1.3377 @ 10:06 BST Sep 24
- 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 continues to climb reinforcing current bullish conditions. Last week’s move higher 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 1.3425 next, a Fibonacci projection point. Initial firm support is 1.3165, 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.