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May 29 - 09:55 PM

GBP/USD - Positive Setup Targets 1.2725, While USD Remains Heavy

By Andrew M Spencer  —  May 29 - 08:00 PM

  • Unchanged after closing up 0.15% on Friday, with the USD a touch softer

  • Monday's NY holiday often results in tight range trading in Asia

  • UK lawmakers continue to call on PM to resign over 'partygate' nL5N2XJ3VX

  • PM Johnson admits fault, but refuses to resign - voters may not agree

  • Charts; mixed momentum studies, 5, 10 & 21 day moving averages head higher

  • 21 day Bollinger bands expand - signals provide a positive setup

  • 1.2721 upper 21 day Bolli band and 1.2727, 50% of the 2022 fall, resistance

  • London 1.2586 low and 1.2537 10 day moving average initial supports

    For more click on FXBUZ


gbp May 30 Click here

Source:
Refinitiv IFR Research/Market Commentary

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