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Jul 03 - 09:48 PM
GBP/USD - Fundamentals And Charts Weigh - 1.2500 Is Pivotal
First appeared on eFXplus on Jul 03 - 08:05 PM
  • Touch firmer, opened off 0.2%, capped by soft PMI data and dovish sentiment
  • Brexit backers fund Boris Johnson in his quest to become PM nL8N2444Q7
  • Dip leaves momentum studies edging lower, 5, 10 & 21 DMAs point south
  • Negative setup as 1.2507 June low approaches - close below 1.2500 bearish
  • 1.2500 break targets the 1.2409 2019 base, then the 1.2365 April 2017 low
  • London 1.2557 low and 1.2591 NY high are initial support/resistance

gbp jul 4 Click here

Source:
Refinitiv IFR Research/Market Commentary

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