Free Trial
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.
GBPUSD TECHS
Towards the end of last year, MNI Techs highlighted a key trendline resistance in GBPUSD.
- This trendline, drawn off the 2007 high, had remained intact until December where it was breached following a move above 1.3372.
- A strong monthly close in December reinforced the bullish breakout and so far this year, price has remained above the trendline - it currently intersects at 1.3322.
- These developments highlight a reversal of the downtrend that has been in place since the Nov 2007 highs.
- For full analysis please see this report Cable breaches trendline , which discusses the implications of the trendline break.
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok