Free Trial
USDCAD TECHS

Bullish Outlook

AUDUSD TECHS

Trend Needle Still Points South

US

US-ASEAN Summit Concludes

CANADA

Risk-On Sentiment Dominates

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

Rallying into Year End

GBPUSD TECHS
  • RES 4: 1.3698 High Nov 4
  • RES 3: 1.3642 2.0% 10-dma envelope
  • RES 2: 1.3607 High Nov 9
  • RES 1: 1.3527 High Dec 31 and a key resistance
  • PRICE: 1.3513 @ 15:02 GMT Dec 31
  • SUP 1: 1.3297 Low Dec 22
  • SUP 2: 1.3240/3163 Low Dec 22 / Low Dec 08 and the bear trigger
  • SUP 3: 1.3145 1.0% 10-dma envelope
  • SUP 4: 1.3135 Low Dec 11 2020

GBPUSD added to recent gains Friday, rallying to touch 1.3527. This puts the pair at the best levels since mid-November into year end. GBP/USD is now well clear of the 50-day EMA at 1.3417 and opens scope for further gains toward the 1.36 handle should the 100-dma at 1.3566 give way. A return lower would signal a resumption of the recent bearish trend and attention would turn to support at 1.3163, Dec 8 low.

MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

To read the full story

Why Subscribe to

MarketNews.com

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.