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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.
GBPUSD TECHS
Cable is volatile and from a technical perspective is trading at a key chart point.
- Recently we highlighted the importance of a multi-year trendline resistance drawn off the Nov 2007 high.
- For December, the line intersects at 1.3372.
- Price action this month has been volatile, as the EU-UK trade negotiations approaches its deadline.
- Charts are emphasising the significance of this event risk that has the potential to determine whether we see either a clear breach of the trendline resistance or a reversal lower, leaving the trendline intact.
- A clear break of the line would highlight an important medium-term reversal.
- December's monthly close will be important and potentially provide some clarity to the current market uncertainty around the trendline resistance.
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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