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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 US OPEN - ECB Set to Deliver Third Consecutive Cut
MNI China Daily Summary: Thursday, December 12
Still Heavy! *RES 4: 1.2688 High Jun....>
CABLE TECHS: Still Heavy!
*RES 4: 1.2688 High Jun 16
*RES 3: 1.2543 High Jun 24 and key near-term resistance
*RES 2: 1.2478 100-dma
*RES 1: 1.2390 High Jun 29
*PRICE: 1.2265 @ 10:26 BST Jun 30
*SUP 1: 1.2252 Low Jun 29
*SUP 2: 1.2250 76.4% retracement of the May 18 - Jun 10 rally
*SUP 3: 1.2188 2.0% 10-dma envelope
*SUP 4: 1.2112 50% retracement of the Mar - Jun recovery
The bearish GBPUSD momentum evident at the Friday close followed through into
Monday's session, with the pair slipping to new June lows of 1.2252, just a few
pips above a Fibonacci support at 1.2250. A break of the retracement would pave
the way for a test of 1.2162, May 22 low. For bulls to establish a firmer
footing, the pair needs to climb back above the 100-dma at 1.2478 and through
1.2543, Jun 24 high to challenge resistance at 1.2688, Jun 16 high.
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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.