Free Trial

Maintains Pressure on Recent Highs......>

CABLE TECHS: Maintains Pressure on Recent Highs
*RES 4: 1.2755 High Jun 11
*RES 3: 1.2750 2.0% 10-dma envelope
*RES 2: 1.2699 200-dma
*RES 1: 1.2670/88 High Jul 9 / High Jun 16
*PRICE: 1.2563@ 05:57 BST Jul 13
*SUP 1: 1.2567 Low Jul 10
*SUP 2: 1.2509 Low Jul 8
*SUP 3: 1.2475 50-day EMA
*SUP 4: 1.2438 Low Jul 3 and key near-term support
GBPUSD maintains pressure on the recent highs with the focus on 1.2670, Jul 9
peak. A break of this hurdle would confirm a resumption of the recovery that has
been in place since Jun 29 and pave the way for strength towards 1.2813, Jun 10
high. Moving average studies have adopted a bullish position reinforcing the
current positive outlook. On the downside, initial support lies at 1.2567,
Friday's low.

To read the full story

Why Subscribe to


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.