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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.
CABLE TECHS
Cable has today traded close to key resistance at 1.3139.
- Trendline support drawn off the Mar 20 low was breached on Sep 10.
- At this juncture the recent move higher appears to be a 'return-move' whereby a market returns to validate a recent key technical break.
- In this instance, if the former trendline support acts as resistance, this outcome would reinforce the significance of the break as a reversal signal.
- The former support line-now-resistance intersects at 1.3139. If this level caps gains, the outlook will be bearish.
- A return lower would expose 1.2676, Sep 23 low and below.
- A strong break above 1.3939 is required to offset the broader bearish risk.
- Cable is currently under pressure.
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.
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