MNI BRIEF: Japan Nov Sentiment, Outlook Indexes Rise

MNI BRIEF: China Nov CPI Slows To 5-Month Low Of 0.2% Y/Y

MNI: PBOC Sets Yuan Parity Higher At 7.1870 Mon; -1.39% Y/Y

MNI: China CFETS Yuan Index Down 0.36% In Week of Dec 6

MNI: PBOC Net Injects CNY13.8 Bln via OMO Monday

MNI BRIEF: PBOC Increases Gold Reserves

MNI JAPAN Q3 GDP REV +0.3% Q/Q; PRELIM +0.2%; MEDIAN +0.2%

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

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

Heading South

EURGBP TECHS
  • RES 4: 0.8835 High May 3
  • RES 3: 0.8793 61.8% retracement of the Feb 3 - Aug 23 downleg
  • RES 2: 0.8725/68 High Nov 22 / 20 and the bull trigger
  • RES 1: 0.8696 20-day EMA
  • PRICE: 0.8644 @ 14:30 GMT Nov 30
  • SUP 1: 0.8616 Low Oct 11 and a reversal trigger
  • SUP 2: 0.8598 61.8% retracement of the Aug 23 - Nov 20 bull run
  • SUP 3: 0.8569 Low Sep 15
  • SUP 4: 0.8558 61.8% retracement of the Aug 23 - Nov 20 bull run

EURGBP maintains a softer tone and has traded lower again today, but is off the session lows. Price has breached 0.8650, the Nov 6 low and key support. The cross has also pierced 0.8630, the 50.0% retracement of the Aug 23 - Nov 20 bull run. This exposes 0.8616, the Oct 11 low. Initial resistance to watch is 0.8696, the 20-day EMA. Clearance of this EMA would ease bearish pressure.

Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsForeign Exchange Bullets

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.