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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.
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Free AccessMNI POLITICAL RISK ANALYSIS - Week Ahead 2-8 December
MNI POLITICAL RISK - Trump Targets BRICS w/New Tariff Threat
MNI Gilt Week Ahead: Triple issuance week?
MNI US MARKETS ANALYSIS - French Politics Undermines EUR
Pullback Appears To Be A Correction
- RES 4: 1.2881 76.4% retracement of the Jul 14 - Oct 4 bear leg
- RES 3: 1.2868 2.0% 10-dma envelope
- RES 2: 1.2800 High Aug 22
- RES 1: 1.2733 High Nov 29 and the bull trigger
- PRICE: 1.2638 @ 05:58 GMT Dec 5
- SUP 1: 1.2591/2517 Low Nov 27 / 20-day EMA
- SUP 2: 1.2424 50-day EMA
- SUP 3: 1.2266 Low Nov 14
- SUP 4: 1.2187 Low Nov 10 and key short-term support
The trend direction in GBPUSD remains up and the move lower Monday is considered corrective. Recent gains maintain the current positive price sequence of higher highs and higher lows and note that moving average studies are in a bull-mode position, highlighting an uptrend. The focus is on 1.2800, the Aug 22 high and 1.2868, a vol band resistance. On the downside, initial firm support to watch is at 1.2517, the 20-day EMA.
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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.