Free Trial
EUROSTOXX50 TECHS

(Z2) Continues To Climb

EURUSD TECHS

Recovering From Monday’s Low

SCHATZ TECHS

(Z2) Resistance Remains Intact - For Now

BOBL TECHS

(Z2) Watching Resistance At The 50-Day EMA

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Outlook Remains Bullish

GBPUSD TECHS
  • RES 4: 1.2207/2317 200-dma / 4.0% 10-dma envelope
  • RES 3: 1.2143/94 High Aug 17
  • RES 2: 1.2080 High Aug 18
  • RES 1: 1.2028 High Nov 15 and the bull trigger
  • PRICE: 1.1888 @ 06:00 GMT Nov 23
  • SUP 1: 1.1764/1660 Low Nov 17 / 20-day EMA
  • SUP 2: 1.1557 50-day EMA
  • SUP 3: 1.1334/1150 Low Nov 09 / Nov 04 and a bear trigger
  • SUP 4: 1.1061 Low Oct 21

GBPUSD is unchanged and is consolidating closer to its recent highs. The trend condition is bullish, however, short-term signals still highlight an overbought condition. Recent gains resulted in a print above the upper band of the 3.0% 10-dma envelope. Price failed to hold on to this break and pulled back. A deeper retracement would highlight a corrective phase. 1.2028 is the trigger for a resumption of gains. Firm support is at 1.1557, the 50-day EMA.

139 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.
  • RES 4: 1.2207/2317 200-dma / 4.0% 10-dma envelope
  • RES 3: 1.2143/94 High Aug 17
  • RES 2: 1.2080 High Aug 18
  • RES 1: 1.2028 High Nov 15 and the bull trigger
  • PRICE: 1.1888 @ 06:00 GMT Nov 23
  • SUP 1: 1.1764/1660 Low Nov 17 / 20-day EMA
  • SUP 2: 1.1557 50-day EMA
  • SUP 3: 1.1334/1150 Low Nov 09 / Nov 04 and a bear trigger
  • SUP 4: 1.1061 Low Oct 21

GBPUSD is unchanged and is consolidating closer to its recent highs. The trend condition is bullish, however, short-term signals still highlight an overbought condition. Recent gains resulted in a print above the upper band of the 3.0% 10-dma envelope. Price failed to hold on to this break and pulled back. A deeper retracement would highlight a corrective phase. 1.2028 is the trigger for a resumption of gains. Firm support is at 1.1557, the 50-day EMA.