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Jun 16 - 09:48 PM
GBP/USD - PM Races Continues, As The Charts Turn Bearish
First appeared on eFXplus on Jun 16 - 07:30 PM
  • Flat after opening 0.9% lower on broad USD strength after US retail sales
  • PM contest all about how to undermine the hot favourite Boris nL8N23N0PP
  • Meanwhile Boris pledges to "end the digital divide" by 2025 nL8N23N0TU
  • Dip turned techs bearish - daily and weekly 5, 10 & 21 DMAs track south
  • Initial target is the 1.2560 May trend low with 1.2409 2019 base below
  • 1.2580 earlier and NY low and NY 2.2652 high initial support/resistance

gbp jun 17 Click here

Source:
Refinitiv IFR Research/Market Commentary

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