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Jul 01 - 01:55 AM

GBP/USD - Heavy With Key Support Under Pressure And USD Firm

By Andrew M Spencer  —  Jun 30 - 11:46 PM

  • -0.1% towards the base of a 1.3812-1.3838 range with plenty of interest

  • UK's Sunak to sharpen City of London's competitive edge nL5N2OC4MM

  • Bank of England Governor Bailey speaks at Mansion house - text at 9am

  • Charts; daily momentum studies, 5, 10 & 21 daily moving averages fall

  • 21 day Bollinger bands slide - bearish setup suggests further losses

  • 10 DMA capped repeatedly, currently at 1.3879 and pivotal resistance

  • Downtrend targets a test of key 1.3756 support, 61.8% of the 2021 rise

  • Key sterling support vulnerable, as the USD climbs nL2N2OD011

    For more click on FXBUZ


gbp 3 jul 1 Click here

Source:
Refinitiv IFR Research/Market Commentary

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