Free Trial

Thoughts On The LPR Fixings


Fixed Rate Operation Offer

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
CABLE TECHS: Pulls Away From Resistance
*RES 4: 1.2849 High Mar 12
*RES 3: 1.2726 Low Feb 28
*RES 2: 1.2643/48 High Apr 13 /High Apr 14 and the bull trigger
*RES 1: 1.2516 Intraday high
*PRICE: 1.2418 @ 16:17 BST May 4
*SUP 1: 1.2406 Low May 04
*SUP 2: 1.2389 Low Apr 29 and key intraday support
*SUP 3: 1.2298 Low Apr 24
*SUP 4: 1.2248 Low Apr 21 and the bear trigger
The recent GBPUSD focus has been on key resistance at 1.2648, Apr 14 high. A
break of this level would confirm a resumption of the uptrend that has been in
place since Mar 20 and open 1.2726 initially, the Feb 28 low. However, the pair
has started the week on a soft note, pulling away from 1.2648. Further weakness
would expose key support at 1.2248, Apr 21 low. A breach if seen, would
highlight a reversal. Initial firm support is 1.2389.

To read the full story

Why Subscribe to

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.