Free Trial

Mostly Downside


Larger FX Option Pipeline


Preview $53B 7Y Note Auction

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
CABLE TECHS: Key resistance At 1.3013
*RES 4: 1.3080 High May 8
*RES 3: 1.3045 76.4% retracement of Mar 13 - Sep 3 decline
*RES 2: 1.3013 High Oct 21 and bull trigger
*RES 1: 1.2976 Intraday high
*PRICE: 1.2942 @ 15:49 GMT Oct 31
*SUP 1: 1.2789 Low Oct 24
*SUP 2: 1.2750/13 Low Oct 17 / 200-DMA
*SUP 3: 1.2603 Low Oct 15
*SUP 4: 1.2516 Low Oct 14
GBPUSD extended the week's recovery Thursday. Recent weakness down to 1.2789 has
been viewed as a correction. There still remains the possibility we'll see a
deeper sell-off before stronger bullish activity resumes, as the uptrend since
Oct 8 has been steep. The trigger is for an extension lower is 1.2789, Oct 24
low. This would open 1.2714, the 200-DMA and 1.2603, Oct 15 low. On the upside,
the bull trigger is 1.3013, Oct 21 high.
Sign up now for free access to this content.

Please enter your details below and select your areas of interest.