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Free AccessTrend Needle Points North
- RES 4: 1.2681 2.0% 10-dma envelope
- RES 3: 1.2667 High May 27 2022
- RES 2: 1.2599 High Jun 7 2022
- RES 1: 1.2474/2546 High Apr 19 / 14 and the bull trigger
- PRICE: 1.2432 @ 06:05 BST Apr 21
- SUP 1: 1.2353/45 Low Apr 17 / 10
- SUP 2: 1.2275/72 Low Apr 3 / 50-day EMA
- SUP 3: 1.2191 Low MAr 24
- SUP 4: 1.2161 Low Mar 20
The GBPUSD uptrend remains intact and price is trading above support at 1.2382, the 20-day EMA. A clear break of this average is required to signal scope for a deeper correction. On the upside, a resumption of gains would refocus attention on 1.2546, the Apr 14 high, where a break would resume the uptrend and open 1.2599, the Jun 7 2022 high. Support below the 20-day EMA lies at 1.2345, the Apr 10 low.
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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.