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Policy
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Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
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G10 Markets
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Real-time insight on key fixed income and fx markets.
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Real-time insight of emerging markets in CEMEA, Asia and LatAm region
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Real-time insight of oil & gas markets
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MNI Research
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Free AccessKey Support Lies At 1.2197 *RES 4:......>
CABLE TECHS: Key Support Lies At 1.2197
*RES 4: 1.2582 High Sep 20 / High Jul 15 and bull trigger
*RES 3: 1.2503 High Sep 24
*RES 2: 1.2433 100-day MA
*RES 1: 1.2413 High Oct 3
*PRICE: 1.2306 @ 15:29 GMT Oct 4
*SUP 1: 1.2207 Low Oct1
*SUP 2: 1.2197 61.8% Sep 3 - Sep 20 rise
*SUP 3: 1.2106 76.4% Sep 3 - Sep 20 rise
GBPUSD had a volatile week, managing to recover slightly into the end of the
week and narrowed the gap with the 100-dma at 1.2429. The pair appears more
constructive for now having held above Tuesday's low and importantly 1.2197 this
week. 1.2197 marks the 61.8% retracement of Sep 3 - Sep 20 rise and is an
important pivot point. While it holds, the potential for a stronger recovery
remains. A clear break of the 50-dma and 1.2197 support however would see
bearish pressure resume.
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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.