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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.
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Free AccessSeries of Lower Highs Confidence vote...>
CABLE TECHS: Series of Lower Highs
Confidence vote warnings for PM May triggered renewed sterling sales across the
board. GBPUSD traded at 3-month lows of 1.2821 and is on course to register its
fifth consecutive session of losses. Near-term support comes in today at 1.2810
from the 61.8% retracement of the 2016 low - 2018 high. Further support is
located on approach to 1.28, ahead of the Feb 14 low at 1.2773. Bulls need to
recover 1.29, before challenging the 200-dma at 1.2958.
To read the full story
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Please enter your details below.
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.