Free Trial

Holding Above 100-DMA, For Now GBPUSD...>

CABLE TECHS
CABLE TECHS: Holding Above 100-DMA, For Now
GBPUSD closed above the 100-dma yesterday to keep the rally from August lows
intact. Bulls initially need to breach 1.3200, a level that has been hard to
overcome in recent sessions, before challenging 1.3317 which represents the
38.2% retracement of the 2018 range. A break below yesterday's low of 1.3097 and
the 50-dma at 1.3002 would return the focus to the downside targeting the Sep 5
low at 1.2786.

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.