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Jun 05 - 09:55 PM

GBP/USD - UK Returns To Potential Political Turmoil

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

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