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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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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI UST Issuance Deep Dive: Dec 2024
MNI US Employment Insight: Soft Enough To Keep Fed Cutting
MNI ASIA MARKETS ANALYSIS: Jobs Data Green Lights Rate Cuts
Rally Extends
- RES 4: 1.3547 1.382 proj of Sep 23 - Oct 21 rally from Nov 2 low
- RES 3: 1.3514 High Dec 13 and a key resistance
- RES 2: 1.3482 High Sep 1 and the bull trigger
- RES 1: 1.3403 High Sep 2
- PRICE: 1.3362@ 10:51 GMT Nov 23
- SUP 1: 1.3273 Intraday low
- SUP 2: 1.3196 Low Nov 19
- SUP 3: 1.3150 20-day EMA
- SUP 4: 1.3106 Low Nov 12 and key near-term support
GBPUSD has continued to climb this morning. Today's technical break has been the move through resistance at 1.3312, high Nov 11 and 18. The breach higher confirms an extension of the bullish condition that has dominated since Sep 23. This has opened the 1.3400 handle next ahead of key resistance at 1.3482/3514. Moving average studies remain in a bull mode reinforcing current conditions. Firm support is at 1.3196, Nov 19 low.
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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.