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Why MNI
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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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Free AccessRemains Supported On Dips.......>
EURO-STERLING TECHS: Remains Supported On Dips
*RES 4: Gbp0.9350 2016 High Oct 6
*RES 3: Gbp0.9231 Daily Bull channel top
*RES 2: Gbp0.9151 Bollinger band top
*RES 1: Gbp0.9142 2017 High Aug 16
*PRICE: Gbp0.9104 @ 0430GMT
*SUP 1: Gbp0.9076 Rising daily TL
*SUP 2: Gbp0.9063 Low Aug 17
*SUP 3: Gbp0.9051 Low Aug 11 & 15
*SUP 4: Gbp0.9043 Hourly support Aug 10
*COMMENTARY: Hesitation ahead of 2017 highs is a concern for bulls given daily
studies looking to correct from O/B, the Bollinger top limiting follow through
and momentum divergence. Layers of support remain with bears needing a close
below $0.9043 to confirm an easing of bullish pressure and below Gbp0.8988 to
shift focus back to Gbp0.8922-23. Bulls continue to look for a close above
Gbp0.9142 to reconfirm the bullish bias targeting the bull channel top.
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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.