Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
Reporting on key macro data at the time of release.
Real-time insight on key fixed income and fx markets.
- Emerging MarketsEmerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
- MNI ResearchMNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
- About Us
CABLE TECHS: Pullback Dents Bullish Sentiment
*RES 4: 1.3422 High Dec 16
*RES 3: 1.3338 High Dec 17
*RES 2: 1.3281/84 61.8% of the Dec 13 - Dec 23 decline / Dec 31 high
*RES 1: 1.3212 High Jul 7
*PRICE: 1.3058 @ 16:01 GMT Jan 10
*SUP 1: 1.2969 Low Dec 27
*SUP 2: 1.2905 Low Dec 23 and key support
*SUP 3: 1.2824 Low Nov 22
*SUP 4: 1.2801 Trendline support drawn off the Sep 3 low
GBPUSD traded lower Thursday following the breach of support at 1.3054, Jan 3
low. This dents the bullish theme alluded to recently following the recovery
between Dec 23 - Dec 31. Furthermore, last week's gains stalled at 1.3281, 61.8%
of the Dec 13 - Dec 23 decline and this is potentially beginning to weigh on
sentiment. A deeper pullback would open 1.2905, Dec 23 low and a key support.
Price needs to return above 1.3212 to reinstate a bullish focus.