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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.
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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI ASIA MARKETS OPEN: Tsy Curves Reverse Course Ahead Wed CPI
MNI ASIA MARKETS ANALYSIS:Waiting For Next Inflation Shoe Drop
Key Inter-Meeting Fed Speak – Dec 2024
US TREASURY AUCTION CALENDAR: Avg 3Y Sale
Trend Needle Points South
- RES 4: 1.3142 High Jul 14 and the bull trigger
- RES 3: 1.3045 High Jul 19
- RES 2: 1.2887/2996 High Jul 28 / 27 and a key resistance
- RES 1: 1.2819 High Aug 10
- PRICE: 1.2683 @ 05:48 BST Aug 11
- SUP 1: 1.2621 Low Aug 3 and the bear trigger
- SUP 2: 1.2591 Low Jun 29
- SUP 3: 1.2480 1.50 projection of the Jul 14 - 24 - 27 price swing
- SUP 4: 1.2439 1.618 projection of the Jul 14 - 24 - 27 price swing
GBPUSD failed to hold on to its rally yesterday and the reversal lower reinforces a bearish theme. The recent break of a key support highlighted by the 50-day EMA, at 1.2745 today, and the base of a bull channel drawn from the Mar 8 low - currently at 1.2800, signals potential for a continuation lower near-term. The focus is on 1.2591, the Jun 29 low and the next important support. First resistance is at 1.2819, the Aug 10 high.
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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.