CHINA PRESS

PBOC May Adopt Neutral, Marginal Approach in 2020: Daily

JAPAN DATA

Japan Oct Retail Bounced Back; +6.4% Y/Y

JAPAN DATA

Japan Oct Ind. Output +3.8% M/M; Shipments +4.6% M/M

JGB TECHS

(Z0) Bullish With Resistance Breached

AUSSIE 3-YEAR TECHS

(Z0) Consolidating But Remains Bullish

AUSSIE 10-YEAR TECHS

(Z0) Attempting An Extension Higher

MNI Market Analysis - Sterling Long-Term Chart Overview

A look at long-term Sterling charts reveal some interesting price and trend features that may play a role in assessing price action over the medium-term.

  • Cable is trading close to a trendline resistance drawn off the 2007 high that intersects at 1.3421. If the trendline is breached, it would certainly be a bullish development. However it would also be important to assess whether the break higher is down to USD weakness and/or Sterling strength to gauge the medium and even longer-term implications of a break. Cable is trading at 1.3221.
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