Free Trial

TECHS: GBPUSD has bounced off earlier......>

STERLING
STERLING: TECHS: GBPUSD has bounced off earlier lows:
- This keeps initial support at 1.2455 intact, Jun 15 low.
- From a trend perspective, the move lower last week continues to highlight a
near-term bearish risk.
- Weakness through 1.2455 would signal scope for 1.2322, Jun 1 low.
- On the upside, initial firm resistance is at 1.2688, Jun 16 high. A break is
required to signal scope for a test of key resistance at 1.2813, Jun 10 high.
- EURGBP key resistance is at 0.9055, May 29 high. Initial support is at 0.8912.

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.