Free Trial

Rally Falters After a particularly......>

CABLE TECHS: Rally Falters
After a particularly strong week, the GBP/USD recovery topped out at 1.3247, but
spot holds above the Wednesday close, keeping bulls in control. A break back
above $1.3250 would open the Sept high of 1.3298, which becomes the upside
target. Bears need a break of cloud base support at 1.2910 to change the
short-term outlook, turning focus toward the Sep 5 low at 1.2786 and ytd low at

To read the full story



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.