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Jul 02 - 11:55 AM

GBP/USD - Falls 60 Pips From Post-NFP High To Threaten 100DMA

By Rob Howard  —  Jul 02 - 09:35 AM
  • Cable eyes 1.2462 after sliding from a post-NFP one-week high of 1.2530

  • 1.2462 was the Asian session low. It is also the 100DMA nL1N2E909P

  • Support points below 1.2462 include 1.2436 (June 24 high) and 1.2418 (55DMA)

  • 1.2530 was two pips shy of 50% retracement of 1.2812-1.2252 nL1N2E90P9

  • EU/UK negotiators meeting on Friday has been cancelled - officials

  • See: nB5N2B4004nL8N2E93JKnS8N2DF0AY. EU-UK talks resume next week

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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