Free Trial

TECHS: Looking at the 60-min chart,........>

STERLING
STERLING: TECHS: Looking at the 60-min chart, Cable prices have traded through a
trendline resistance drawn off the 1.2970 high from Nov 21. If the pair can
remain above the line, the break signals scope for a potential intraday climb
towards 1.2893 and 1.2927 resistance levels. First support lies at 1.2841, the
Asia-Pac low.
EURGBP too is offered. The cross has also breached its intraday trendline
support this morning, drawn off the Nov 18 low. This exposes 0.8545 and 0.8538,
recent intraday lows. A break of the latter would leave the trend low of 0.8522
exposed. 0.8585 marks first resistance.

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.