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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 BRIEF: Japan Q3 GDP To Be Slightly Revised Down
Working Lower
- RES 4: 0.8670 High Jul 20 and key resistance
- RES 3: 0.8659 High Jul 21
- RES 2: 0.8618 76.4% retracement of the Jul 20 - Aug 10 sell-off
- RES 1: 0.8614 High Sep 07
- PRICE: 0.8544 @ 18:21 BST Sep 9
- SUP 1: 0.8524 Low Sep 9
- SUP 2: 0.8506 Low Jul 19
- SUP 3: 0.8484 Low Aug 16
- SUP 4: 0.8450 Low Aug 10 and a key support
EURGBP extended the lower end of the recent range Thursday, tilting the near-term outlook negative. Key short-term support at 0.8543, Aug 24 low, gave way, opening losses toward 0.8506 and 0.8484 further out. Move comes despite recently clearing the 20- and 50-day EMAs. Markets need to retake the 100-dma to solidify the outlook, opening 0.8618 next, a Fibonacci retracement.
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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.