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Jun 08 - 09:55 PM

GBP/USD - Another New Start For Johnson, As GBP Treads Water

By Andrew M Spencer  —  Jun 08 - 08:25 PM

  • +0.05% after falling 0.45% Wednesday amid economic and political uncertainty

  • Johnson to pledge "fiscal firepower" Thursday to boost support nL8N2XV590

  • OECD sees zero 2023 growth weakest of G20 economies but Russia nL8N2XV2BX

  • Charts; Choppy 1.2433-1.2616 consolidation in June continues

  • Daily momentum studies, 5, 10 & 21 day moving averages conflict

  • 21 day Bollinger bands contract - setup suggests range trading

  • 1.2514 London low then 1.2433 June range base initial supports

  • 1.2562 NY high then this week's 1.2600 top are first resistance

For more click on FXBUZ


gbp jun 9 Click here

Source:
Refinitiv IFR Research/Market Commentary

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