Free Trial

Through 1.27 With the dollar holding....>

CABLE TECHS
CABLE TECHS: Through 1.27
With the dollar holding firm across the board, GBPUSD traded through 1.2700 to
print 14-month lows of 1.2692. Despite the pair oversold, it is not yet at
extreme levels, suggesting further weakness. Bears look to target the June 21
2017 low at 1.2589, below here opens the Apr 10 2017 low at 1.2351. Bulls need a
sharp move back above the 1.2835/40 area to stabilise the near-term outlook and
attempt to reverse the acute downtrend.

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.