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Thomson Reuters
Jun 07 - 02:36 AM
GBP/USD - Strikes Cap In Asia, Tight Range Into US Payrolls
First appeared on eFXplus on Jun 06 - 11:05 PM
  • As often happens ahead of US payrolls, GBP saw just occasional flurries
  • GBP/USD traded a tight 1.2690/1.2700 range and EUR/GBP 0.8800/0.8100
  • UK Times - Most EU governments back another Brexit delay nFWN23D0SN
  • Suggests the EU does not want to be responsible for a hard Brexit
  • Close above 1.2801, 38.2% of the May fall needed to end primary downtrend
  • Momentum studies, 5, 10 & 21 DMAs conflict, which is a neutral setup
  • 1.2670 London low and 1.2700 214M strikes are initial support/resistance

gbp2 jun 7 Click here

Source:
Thomson Reuters IFR Markets

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