© 1982-2022 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial
OPTIONS

Closing Time

OPTIONS

Larger FX Option Pipeline

PIPELINE

UAE 2Pt Size Set: $1.75B

STIR

Huge SOFR Conversion Spd

GLOBAL POLITICAL RISK

Xi Treads Line Between Russia And West AT BRICS Summit

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
Trending Top 5
Topics

Through Last Week’s Highs

GBPUSD TECHS
Foreign Exchange Technical Analysismarkets-real-timeBulletMarketsForeign Exchange
  • RES 4: 1.2772 High Apr 26
  • RES 3: 1.2758 50-day EMA
  • RES 2: 1.2638 High May 4 and a key resistance
  • RES 1: 1.2553 Intraday high
  • PRICE: 1.2477 @ 20:32 BST May 20
  • SUP 1: 1.2317/2156 Low May 17 / Low May 13 and the bear trigger
  • SUP 2: 1.2081 76.4% retracement of the Mar ‘20 - Jun ‘21 uptrend
  • SUP 3: 1.2000 psychological round number
  • SUP 4: 1.1903 1.00 proj of the Apr 14 - 28 - May 4 price swing

GBPUSD has started the week on a firmer note, trading above last week’s high of 1.2525 and the 20-day EMA at 1.2491. A clear break of this average signals scope for a stronger short-term recovery and opens 1.2638, the May 4 high and a key resistance. On the downside key support and the bear trigger is unchanged at 1.2156, the May 13 low. Initial support lies at 1.2317, the May 17 low.

150 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.
  • RES 4: 1.2772 High Apr 26
  • RES 3: 1.2758 50-day EMA
  • RES 2: 1.2638 High May 4 and a key resistance
  • RES 1: 1.2553 Intraday high
  • PRICE: 1.2477 @ 20:32 BST May 20
  • SUP 1: 1.2317/2156 Low May 17 / Low May 13 and the bear trigger
  • SUP 2: 1.2081 76.4% retracement of the Mar ‘20 - Jun ‘21 uptrend
  • SUP 3: 1.2000 psychological round number
  • SUP 4: 1.1903 1.00 proj of the Apr 14 - 28 - May 4 price swing

GBPUSD has started the week on a firmer note, trading above last week’s high of 1.2525 and the 20-day EMA at 1.2491. A clear break of this average signals scope for a stronger short-term recovery and opens 1.2638, the May 4 high and a key resistance. On the downside key support and the bear trigger is unchanged at 1.2156, the May 13 low. Initial support lies at 1.2317, the May 17 low.