Free Trial

Stuck in The Range GBPUSD based ahead...>

CABLE TECHS
CABLE TECHS: Stuck in The Range
GBPUSD based ahead of the 200-dma Friday with the recovery extending back
through 1.30. With lack of Brexit headlines, consolidation remains the theme
with bulls looking to clear the 50-dma at 1.3095 to mount an upside reversal.
Above here opens the Apr 5 high at 1.3123, ahead of the 1.3190/00 level which
has proved hard to overcome in recent sessions. Bears need a downside break of
$1.30 to challenge the 200-dma at 1.2974. A close below here would shift the
outlook bearish and open the Mar 1 low & 100-dma at 1.2949/32.

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.