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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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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI UST Issuance Deep Dive: Dec 2024
MNI US Employment Insight: Soft Enough To Keep Fed Cutting
MNI ASIA MARKETS ANALYSIS: Jobs Data Green Lights Rate Cuts
Support Remains Exposed
- RES 4: 1.3607 High Nov 9
- RES 3: 1.3514 High Nov 18 and a key resistance
- RES 2: 1.3422 50-day EMA
- RES 1: 1.3374 High Dec 16
- PRICE: 1.3237 @ 16:04 GMT Dec 21
- SUP 1: 1.3163 Low Dec 08 and the bear trigger
- SUP 2: 1.3135 Low Dec 11 2020
- SUP 3: 1.3110 1.0% 10-dma envelope
- SUP 4: 1.3084 1.50 proj of the Sep 14 - 29 - Oct 20 price swing
GBPUSD failed to hold onto last week’s gains. The reversal lower Friday and the move lower Monday, highlights a potential resumption of the underlying downtrend and attention is on support at 1.3163, the Dec 8 low and bear trigger. A breach of this level would confirm a resumption of the downtrend and open 1.3135, Dec 11 2020 low. On the upside, price needs to break 1.3374, Dec 16 high to suggest scope for a stronger bounce.
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.