MNI: PBOC Net Injects CNY40 Bln Via OMO Fri; Rates Unchanged

CHINA PBOC CONDUCTS CNY50 BILLION VIA 7-DAY REVERSE REPOS FRI

MNI: PBOC Sets Yuan Parity Lower At 7.1268 Fri; -0.32% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1268 FRI VS 7.1270

MNI: BANXICO HOLDS INTERBANK RATE STEADY AT 11.00%

MNI BRIEF: Fed's Bowman Says Policy Appears To Be Restrictive

1 and 3-Year Consumer Inflation Expectations Edge Down Slightly

MNI: ECB 1-YEAR CONSUMER INFLATION EXPECTATIONS 2.8%

CORRECTION: France Flash HICP In-Line

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Resistance At The 20-Day EMA Remains Intact

GBPUSD TECHS
  • RES 4: 1.3439 High Feb 25
  • RES 3: 1.3353 50-day EMA
  • RES 2: 1.3228 20-day EMA
  • RES 1: 1.3211 High Mar 17
  • PRICE: 1.3127 @ 06:43 GMT Mar 22
  • SUP 1: 1.3088/3000 Low Mar 17 / Low Mar 15 and the bear trigger
  • SUP 2: 1.2954 1.764 proj of the Jan 13 - 27 - Feb 10 price swing
  • SUP 3: 1.2933/2906 Low Nov 5 2020 / 2.0% Lower Bollinger Band
  • SUP 4: 1.2855 Low Nov 2 2020 and a key support

GBPUSD remains below its recent highs. The trend outlook is bearish and last week’s gains are still considered corrective. A bearish theme follows the recent break of 1.3163, Dec 12 low, that confirmed a resumption of the broader downtrend. Furthermore, moving average studies remain in a bear mode. The bear trigger is 1.3000, Mar 15 low. Resistance to watch is at 1.3228, the 20-day EMA.

Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsForeign Exchange Bullets

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.