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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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Free AccessMNI US OPEN - Soft NFP Report Should Cement December Cut
MNI China Daily Summary: Friday, December 6
Under Pressure
- RES 4: 1.3958 High Aug 4
- RES 3: 1.3913 High Sep 14 and a key resistance
- RES 2: 1.3695/3765 20-day EMA / 50-day EMA
- RES 1: 1.3572/3602 Low Jul 20 / Low Aug 20
- PRICE: 1.3449 @ 06:14 BST Sep 30
- SUP 1: 1.3412 Low Sep 29
- SUP 2: 1.3380 2.0% 10-dma envelope
- SUP 3: 1.3354 Low Dec 23, 2020
- SUP 4: 1.3277 61.8% retracement of the Sep '20 - Jan bull phase
GBPUSD remained under acute pressure again Wednesday following Tuesday's break lower and the breach of a number of key supports. The triangle base at 1.3637, drawn from the Jul 20 low has been cleared, and the pair has fallen through 1.3462, 50.0% of the Sep '20 - Jan bull phase. This opens losses toward levels not seen since late December last year, with 1.3354 the next target. Initial resistance is seen at 1.3572, Jul 20 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.