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Thomson Reuters
Jun 03 - 09:48 PM
GBP/USD - Very Soft Retail Sales Likely Caps - Neutral Setup
First appeared on eFXplus on Jun 03 - 07:35 PM
  • Flat after closing +0.3%, USD, UST yield led with EUR/GBP up 0.4%
  • UK shoppers slashed spending in May on Brexit uncertainty BRC nL9N1M100K
  • Johnson, Macron agree Oct 31 final Brexit deadline nL8N23A27L nL8N23A4XM
  • Bounce and close above 1.2655 10 DMA suggests a period of consolidation
  • Momentum studies base, net negative 5, 10 & 21 DMAs - neutral setup
  • Close above 1.2801, 38.2% of the May fall needed to end downside bias
  • London 1.2611 low and late NY 1.2674 high initial support/resistance

gbp jun 4 Click here

Source:
Thomson Reuters IFR Markets

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