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Jun 12 - 09:55 PM

GBP/USD - Softer As The USD Climbs On Israel Striking Iran

By Andrew Spencer  —  Jun 12 - 08:18 PM

• -0.15% after closing up 0.55% at the 2025 high, with the USD off 0.73%

• Israel strikes Iran, Axios reports - USD climbed 0.2% initially

• UK hiring slows again in May - downturn might be easing, recruiters say

• UK Plc's stability and bargains appeal to dealmakers amid global uncertainty

• Charts - 5, 10, & 21-day moving averages climb with momentum studies

• 21-day Bollinger bands rise - the daily signals show a positive bias

• The 1.3749 2022 high is the next significant resistance level

• 1.3496 21 DMA and then 1.3417 May 29th base are the initial supports

• A close below the 1.3496 21 DMA would end the topside bias
Andy


(Andrew Spencer is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters

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