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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 AccessOut and Out Bullish *RES 3: 1.2784......>
CABLE TECHS: Out and Out Bullish
*RES 3: 1.2784 High Jun 25
*RES 2: 1.2714 200-DMA
*RES 1: 1.2707 High Oct 11
*PRICE: 1.2680 @ 15:34 GMT Oct 11
*SUP 1: 1.2337 50% retracement yesterday's range
*SUP 2: 1.2195 Low Oct 8
*SUP 3: 1.2178 1.0% 10-dma envelope
Sterling lived up to its name as the most volatile in G10 Friday, surging
sharply against all others as the Brexit clouds cleared. This blew away all
near-term resistance levels and could be a game changer for the medium-term
outlook should the rally be sustained. The pair managed a high print up at
1.2707 and the limited pullback from the highs suggests appetite for targets
north of the 200-dma. This bumps medium-term targets up to 1.2838, the 61.8% Fib
of the March - September decline.
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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.