Free Trial
GOLD TECHS

Firmer Within The Bull Channel

BUNDS

Day ahead

GERMAN DATA

German PPI beats expectations, at all time high

BRENT TECHS

(H2) Eyeing $90.00

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
Sign up now for free access to this content.

Please enter your details below and select your areas of interest.

  • RES 4: 1.3698 High Nov 4
  • RES 3: 1.3607 High Nov 9
  • RES 2: 1.3514/3607 High Nov 18 and a key resistance
  • RES 1: 1.3370/3418 High Nov 30 / 20-day EMA
  • PRICE: 1.3317 @ 16:12 GMT Dec 2
  • SUP 1: 1.3195 Low Nov 30
  • SUP 2: 1.3188 Low Dec 21 2020
  • SUP 3: 1.3165 38.2% Mar ‘20 - Jun ‘21 Upleg
  • SUP 4: 1.3093 2.0% 10-dma envelope

GBPUSD traded sharply lower Tuesday, down to 1.3195 before rebounding. The trend condition remains bearish. The 1.3195 low represents an important short-term support though given the volatile nature of price action earlier this week. A break would resume the downtrend and pave the way for weakness towards 1.3165, a retracement level. A stronger near-term recovery however would expose the 20-day EMA at 1.3418.