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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 AccessMNI BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
Still heavy: *RES 4: 1.2399 High Jul....>
CABLE TECHS: Still heavy:
*RES 4: 1.2399 High Jul 29
*RES 3: 1.2336/82 50-dma / Low Jul 17
*RES 2: 1.2310 High Aug 27 and key resistance
*RES 1: 1.2227 Bull channel top drawn off the May 6 high
*PRICE: 1.2034 @ 04:20 GMT Sep 3
*SUP 1: 1.2015 Low Aug12 and bear trigger
*SUP 2: 1.1950 10-dma 2% envelope
*SUP 3: 1.1841 Post-Brexit Referendum Low
*SUP 4: 1.1800 Bear channel base drawn off the May 6 high
GBPUSD continues to weaken approaching key support at 1.2015, Aug 12 low. The
latest sell-off follows the recent failure at the bear channel resistance drawn
off the May 6 high. A break of 1.2015 would open the psychological 1.2000
support, with volatility bands the only support of note ahead of 1.1841. A break
above last Tuesday's 1.2310 high is needed to reinstate a bullish theme. The
bear channel top is at 1.2227, also an important resistance.
To read the full story
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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.