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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 AccessMNI BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
Resistance Still Intact
- RES 4: 1.4234 Bull channel top drawn off the Nov 2, 2020 low
- RES 3: 1.4182 High Feb 25
- RES 2: 1.4062 61.8% retracement of the Feb 24 - Mar 5 low
- RES 1: 1.4005 High Mar 12 and key near-term resistance
- PRICE: 1.3950 @ 16:15 GMT Mar 18
- SUP 1: 1.3803 50-day EMA
- SUP 2: 1.3787/79 Channel base from Nov 2, 2020 low / Low Mar 8
- SUP 3: 1.3663 Low Feb 5
- SUP 4: 1.3567 Low Feb 4
GBPUSD traded higher Wednesday but remains below resistance at 1.4005, Mar 12 high. Attention is on support at 1.3779, Mar 5 low ahead of a key bull channel support that intersects at 1.3787. The channel is drawn off the Nov 2, 2020 low and a clear break of both levels would represent an important short-term reversal. This would open the 1.3600 handle and below. For bulls, a break of 1.4005 would signal scope for stronger gains.
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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.