Free Trial

Light Profit Taking Momentum type.......>

CABLE TECHS
CABLE TECHS: Light Profit Taking
Momentum type accounts on the break of 1.2800 extended to 1.2846 which has been
a welcome relief for GBP. Despite mild profit taking, there is a growing case to
be made for a bullish reversal. The next hurdle to overcome is hourly resistance
at 1.2855 and beyond this the July 19 low of 1.2958. Bears need to break back
below 1.2750 to return the focus to the downside.

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.