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Jul 07 - 02:55 AM

GBP/USD - Softer With The Trend Into Major English Event Risk

By Andrew M Spencer  —  Jul 06 - 11:44 PM
  • Steady in a tight 1.3790-1.3809 range with only occasional interest

  • Charts; momentum studies conflict, 5, 10 & 21 daily moving averages slip

  • 21-day Bollinger bands slide - Tuesday's dip leaves downtrend in play

  • Targets a test of the 1.3733 July base then 1.3669 March/April double bottom

  • 1.3930 is pivotal resistance, 38.2% of the June/July fall and the 21 DMA

  • NY 1.3773 low and Asia's 1.3809 high are initial support and resistance

  • England looking to break barriers by making Euros final nL3N2OI3TU

  • England v Denmark semi will be won on the wings, says Hareide nXXN2OI06R

    For more click on FXBUZ

gbp 2 jul 7 Click here

Source:
Refinitiv IFR Research/Market Commentary

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