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Jun 24 - 01:55 AM

GBP/USD - Key Resistance In View, As The Downtrend Falters

By Andrew M Spencer  —  Jun 23 - 11:37 PM

  • Steady in a 1.3954 - 1.3968 range with only occasional interest pre BoE

  • BoE to on hold, but will they maintain inflation is transient? nL5N2O52OA

  • Britain risks missing climate targets due to lack of policies nL5N2O442P

  • Charts; daily momentum studies base, 10 & 21 daily moving averages fall

  • 21 day Bollinger bands ease - net bearish setup, but progress needed soon

  • 10 DMA capped in NY, now 1.3981 - close above would undermine downside bias

  • NY 1.3952-1.4001 range is initial support and resistance

  • 1.3895/00 797M and 1.4000 687M are the close strikes

    For more click on FXBUZ


gbp 2 jun 24 Click here

Source:
Refinitiv IFR Research/Market Commentary

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