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Jul 01 - 03:48 AM
GBP/USD - Gently Resilient, Despite Soft Data
First appeared on eFXplus on Jun 30 - 11:40 PM
  • Touch firmer, despite DXY +0.2, modest interest in a 1.2689/1.2708 range
  • EUR/GBP -0.1%, a busy session at the base of a 0.8938/0.8952 range
  • BCC - soft domestic manufacturing orders, little price pressure nL8N23Z4I0
  • Momentum studies conflict, 5, 10 & 21 DMAs coil at current familiar levels
  • Neutral setup, as last week's consolidation extends - little short term bias
  • London 1.2665 low and NY 1.2735 high support/resistance

gbp2 jul 1 Click here

Source:
Refinitiv IFR Research/Market Commentary

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