Free Trial

Multi-month Lows The collapse of........>

CABLE TECHS
CABLE TECHS: Multi-month Lows
The collapse of cross-party Brexit talks pressured GBPUSD through 1.2735 to its
lowest levels since Jan 15. Recovery efforts have so far held shallow with next
support at 1.2719 from the Dec 26 high, stronger placed behind on approach to
1.27. Below here opens 1.2695/86 which represents the hourly support Jan 15 &
lower 2.0% 10-dma envelope. Bulls initially need to recover 1.2850/55 to
stabilise the outlook, while a break back above 1.29 would suggest a potential
squeeze to the 200-dma at 1.2958.

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.