By Andrew M Spencer — Jun 05 - 07:40 PM
Steady after closing down 0.7% on Friday in illiquid holiday markets
As the UK returns from the celebrations, PM Johnson may be under pressure
'Partygate' caused many Conservative lawmakers to want a change nL8N2XN32W
Charts; momentum studies, 5, 10 & 21 day moving averages conflict
21 day Bollinger bands climb - neutral setup after a choppy week
Rising 21 day moving average a base last week now 1.2462 pivotal support
1.2572 NY high then Friday's 1.2589 Asian top are initial resistance
1.2486 NY low then 1.2462 21 DMA are first support
For more click on FXBUZ
gbp jun 6 Click here
Source:
Refinitiv IFR Research/Market Commentary