Free Trial

Rate extends gains above $1.40 with stops.....>

CABLE
CABLE: Rate extends gains above $1.40 with stops being run on a break of the
handle. GBP Now comfortably the best performer of the session after spending
Asian hours underwater. $1.4010 was touted as a buy entry level for GBP/USD
several times last week, and that mark may come under further scrutiny should
the pair hold these gains. Next resistance may been seen on an approach into the
$1.4021/29 levels, marking the 1.618% swing of $1.3930-1.3782 and the 50% Fib
level for $1.4345-1.3712 respectively. 

To read the full story

Close

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.