Free Trial

Flatter & Firmer

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 Bear Trigger
*RES 4: 1.2726 Low Feb 28
*RES 3: 1.2643/48 High Apr 13 /High Apr 14 and the bull trigger
*RES 2: 1.2516 High May 4
*RES 1: 1.2467 High May 20
*PRICE: 1.2223 @ 16:38 BST May 13
*SUP 1: 1.2218 Low May 13
*SUP 2: 1.2166 Low Apr 7 and a key support
*SUP 3: 1.2030 50% retracement of the Mar 20 - Apr 14 rally
*SUP 4: 1.2000 Round number support
Despite early strength, the pair reversed into the close and pulled the bear
trigger at 1.2248 in the process. This shifts the outlook negative for now,
highlighting a reversal and exposing 1.2166 and below. A break of 1.2648 is
required to confirm a resumption of the uptrend that started on Mar 20 and open
1.2726, Feb 28 low initially. On the downside, a move through 1.2248 would

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.