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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 China Daily Summary: Wednesday, November 27
Yet to Top Monday High *RES 3: 1.3070...>
CABLE TECHS: Yet to Top Monday High
*RES 3: 1.3070 High Feb 13
*RES 2: 1.3018/20 High Feb 25 / 50-dma
*RES 1: 1.2946 High Feb 27
*PRICE: 1.2845 @ 16:55 GMT Mar 4
*SUP 1: 1.2726 Low Feb 28
*SUP 2: 1.2702 200-dma
*SUP 3: 1.2630 2.0% 10-dma envelope
GBPUSD is consolidating but remains vulnerable. The pair holds below the Monday
high, which keeps the outlook looking a touch weak. The break of the 1.2849, Feb
20 low former support last week, reinstated a bearish theme with Cable likely to
edge lower near-term. Price tested the 1.2736 retracement Friday, 50.0% of the
Sep - Dec rally. Further weakness would open 1.2702, the 200 dma. If this is
cleared, it would expose 1.2603 and 1.2553. Key short-term resistance is seen at
1.3018, Feb 25 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.