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May 31 - 01:55 AM

GBP/USD - Bid On The Softer USD - Charts Remain Constructive

By Andrew M Spencer  —  May 30 - 11:39 PM

  • +0.1%, at the top of a 1.4175-1.4200 range with modest flow and softer USD

  • UK and U.S. holidays weighed on sterling interest at month end

  • UK vaccine passport plans to be scrapped - The Telegraph nL2N2NH0J2

  • British retail faces "tsunami of closures" without rent help nL5N2NF50N

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

  • 21 day Bollinger bands contract - 1.4240 2021 high remains vulnerable

  • Sustained break of rising 1.4087 21 DMA would end the topside bias

  • Earlier 1.4175 base and last week's 1.4220 top first support and resistance


    For more click on FXBUZ


gbp 2 may 31 Click here

Source:
Refinitiv IFR Research/Market Commentary

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