Trial now
USDCAD TECHS

Needle Still Points South

US TSYS

Yields Bounce as Equities Make New Monthly Highs

AUDUSD TECHS

Heading North

EURJPY TECHS

Bull Rally Accelerates

COLOMBIA

Economists Survey Raises 2021 CPI Forecast To 4.9%

Trading In A Tight Range

EURGBP TECHS
  • RES 4: 0.8780/91 2.0% 10-dma envelope / High Feb 12
  • RES 3: 0.8731 High Feb 26
  • RES 2: 0.8701/21 High May 7 / High Apr 26 and the bull Trigger
  • RES 1: 0.8650 High May 24
  • PRICE: 0.8624 @ 06:22 BST May 25
  • SUP 1: 0.8561 Low May 12
  • SUP 2: 0.8472 Low Apr 5 and the bear trigger
  • SUP 3: 0.8441 2.0% 10-dma envelope
  • SUP 4: 0.8430 Low Feb 27, 2020

EURGBP is trading in a tight range. A bearish theme remains intact though following recent weakness and the low print on May 12 of 0.8561. The move lower saw the cross move out of its recent range suggesting scope for a deeper pullback, potentially towards the key support at 0.8472, Apr 5 low. On the upside, the key resistance and bull trigger is unchanged at 0.8721, Apr 26 high. Initial resistance is at 0.8650, Monday's high.

MNI London Bureau | +44 203-586-3805 | taso.anastasiou.ext@marketnews.com
MNI London Bureau | +44 203-586-3805 | taso.anastasiou.ext@marketnews.com