MNI: PBOC Conducts Net CNY2 Bln Via OMO Mon; Rates Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.0947 Mon; -4.91% Y/Y

MNI: China CFETS Yuan Index Up 0.05% In Week of Apr 3

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS MON

CHINA SETS YUAN CENTRAL PARITY AT 7.0947 MON VS 7.0949

MNI BRIEF: Monetary, Fiscal Policy Need Harmony - Campos Neto

Australia Feb Housing New Loan Commitments +1.5%

MNI BRIEF: Japan Feb Negative Real Wage Widens to -1.3%

MNI: US FEB CONSUMER CREDIT +$14.1B

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Still Looking For Bullish Follow Through

EURO-STERLING TECHS
  • RES 4: 0.9176 High Jun 29 and the key bull trigger
  • RES 3: 0.9148 High Jul 27
  • RES 2: 0.9087 High Jul 29
  • RES 1: 0.9070 High Aug 17
  • PRICE: 0.9018 @ 16:40 BST Aug 18
  • SUP 1: 0.9001 Low Aug 14 and the key near-term support
  • SUP 2: 0.8938 Low Jul 10
  • SUP 3: 0.8938 Low Jul 10
  • SUP 4: 0.8927 100-dma

Following last week's recovery, EURGBP traded higher Monday and managed to probe resistance at 0.9059, Aug 5 high. A clear break together with some follow through is still required though to signal scope for a stronger move higher opening 0.9087, Jul 29 high ahead of key resistance levels at 0.9148, Jul 27 high and 0.9176, Jun 29 high. Key support remains 0.8970 Aug 11 low where a break would instead threaten a deeper pullback.

MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
BulletForeign Exchange Technical AnalysisMarketsForeign Exchange Bullets

To read the full story

Close

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.