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March 04, 2021 13:11 GMT
EMERGING MARKETS
TECHS: LatAm FX Price Signal Summary: USD Outlook Remains Bullish
Trending Top 5
March 04, 2021 11:42 GMT
MNI China Daily Summary: Thursday, March 4
March 04, 2021 06:51 GMT
MNI INSIGHT: BOJ May Drop Long-End JGB Ops Frequency Schedule
March 04, 2021 06:45 GMT
MNI INSIGHT: BOJ May Drop Long-End JGB Ops Frequency Schedule
May 29, 2020 15:48 GMT
Stretching Topside Range *RES 3:........>
CABLE TECHS
CABLE TECHS: Stretching Topside Range
*RES 3: 1.2467 High May 20 and key resistance
*RES 2: 1.2394 High May 13
*RES 1: 1.2373 50-day EMA
*PRICE: 1.2334 @ 16:43 BST May 29
*SUP 1: 1.2162 Low May 22
*SUP 2: 1.2076 Low May 18 and bear trigger
*SUP 3: 1.2030 50% retracement of the Mar 20 - Apr 14 rally
After a quiet morning, the pair looked to stretch the topside range, briefly
topping the 50-day EMA at 1.2373. No extended rally was forthcoming, however, as
markets retreated into the close. This keeps resistance at 1.2467, the May 8
high as the first upside target. If the pair turns lower from here though, the
recent bearish focus will come back into play, but bears need to take out
support at 1.2162, May 22 low to strengthen this. A break would open 1.2076, May
18 low.
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