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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.
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Free AccessLooking For Gains *RES 4: 1.3338 High...>
CABLE TECHS: Looking For Gains
*RES 4: 1.3338 High Dec 17
*RES 3: 1.3281/84 61.8% of the Dec 13 - Dec 23 decline / Dec 31 high
*RES 2: 1.3212 High Jan 7
*RES 1: 1.3173 High Jan 24
*PRICE: 1.3055 @ 16:50 GMT Jan 27
*SUP 1: 1.2955 Low Jan 14
*SUP 2: 1.2905/10 Low Dec 23 / Trendline support drawn off the Sep 3 low
*SUP 3: 1.2824 Low Nov 22
*SUP 4: 1.2769 Low Nov 8
Last week's gains in GBPUSD stalled at 1.3173 on Jan 24. However despite this,
the short-term focus is on the potential bullish significance of the recent
break of 1.3118, Jan 17 high. A rebound would see bulls target 1.3212 next ahead
of the 1.3281 Fibonacci resistance area. A reversal lower still remains a
possibility though. The initial trigger for weakness is 1.2955, the Jan 14 low.
Trendline support, drawn off the Sep 3 low is at 1.2910.
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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.