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Jun 23 - 09:48 PM
GBP/USD - Poised Beneath Pivotal Resistance At 1.2763/68
First appeared on eFXplus on Jun 23 - 07:05 PM
  • Flat early, just below significant 1.2768 resistance, 38.2% May June fall
  • Johnson's domestic dispute fuels debate on his PM credentials nL8N23U0EH
  • Johnson reiterated desire for Oct 31 Brexit, deal or no deal nL8N23T0KQ
  • Domestic dispute reminds conservatives of his past - likely modest impact
  • Momentum studies head north, 5, 10 & 21 DMAs base/rise - positive setup
  • Sustained 1.2770 break would initially target 1.2849, 50% May/June fall
  • London 1.2643 low and 1.2763 June high are initial support/resistance

gbp jun 24 Click here

Source:
Refinitiv IFR Research/Market Commentary

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