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