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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.
GBPUSD TECHS
- RES 4: 1.4182 High Feb 25
- RES 3: 1.4062 61.8% retracement of the Feb 24 - Mar 5 low
- RES 2: 1.4005 High Mar 12 and key near-term resistance
- RES 1: 1.3905 20-day EMA
- PRICE: 1.3863 @ 17:21 GMT Mar 22
- SUP 1: 1.3816/13 Channel base from Nov 2, 2020 low / 50-day EMA
- SUP 2: 1.3779 Low Mar 5 and the bear trigger
- SUP 3: 1.3663 Low Feb 5
- SUP 4: 1.3567 Low Feb 4
GBPUSD is edging lower. The pair remains below resistance at 1.4005, Mar 12 high and at the lower end of its recent range. Attention is on support at 1.3779, Mar 5 low. A key bull channel support intersects at 1.3816 today. The channel is drawn off the Nov 2, 2020 low. A clear break of both support levels would represent an important S/T reversal. This would open the 1.3700 and below. For bulls, a break of 1.4005 is needed to reinstate a bullish theme.
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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