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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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Respects the range: *RES 3: 1.2801/13...>
CABLE TECHS: Respects the range:
*RES 3: 1.2801/13 50-DMA and High May 21
*RES 2: 1.2784 High Jun 25 and key short-term bull trigger
*RES 1: 1.2715 100-hma
*PRICE: 1.26667@ 15:15 GMT June 27
*SUP 1: 1.2666 200-hma
*SUP 2: 1.2633 Low Jun 20
*SUP 3: 1.2585 Former trendline resistance, now support
GBPUSD briefly cleared 1.27, but with lack of follow through drifted back into
the range. The rejection off Tuesday's high of 1.2784 has now been defined as a
key near-term resistance. Despite the pullback, technical conditions remain
bullish following last week's trendline break with momentum studies also in
positive territory. A move above 1.2784 would confirm a resumption of the
uptrend and open 1.2866 and 1.2923. Key support for now lies around the 200-hma
currently at 1.2666 and the June 20 low at 1.2633.
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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.