Free Trial
BONDS

Yields fall across the board

FOREX

USD/JPY Fading Alongside Equities

NATURAL GAS

Permian Gas Pipeline Financing Approved

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
CABLE TECHS: Key Support Is 1.2849
*RES 4: 1.3215 High Feb 3 and key resistance
*RES 3: 1.3129 76.4% retracement of the Feb 3 - Feb 20 decline
*RES 2: 1.3075 61.8% retracement of the Feb 3 - Feb 20 decline
*RES 1: 1.3047/70 50-dma / High Feb 5 and 13
*PRICE: 1.2899 @ 10:28 GMT Feb 24
*SUP 1: 1.2849 Low Feb 20 and key support
*SUP 2: 1.2840 1.0% 10-dma envelope
*SUP 3: 1.2824 Low Nov 22
*SUP 4: 1.2769 Low Nov 8
GBPUSD is under some pressure this morning. Although the recovery off Thursday's
low is encouraging for bulls, a stronger move higher is required to strengthen a
bullish argument. Attention is on resistance at 1.3070, Feb 13 high. This would
signal scope for an extension towards 1.3215, the Feb 3 high and also key
near-term resistance. While 1.3070 remains intact though, a bearish threat
dominates. Sub 1.2849 levels would resume the downtrend.

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.