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Thomson Reuters
Jun 10 - 09:48 PM
GBP/USD - Strikes Cap, As The New PM Contest Gathers Steam
First appeared on eFXplus on Jun 10 - 08:15 PM
  • Flat after opening -0.4% on higher UST yield led, broad USD strength
  • Ten person race to become the next PM is building steam nL8N23H19N
  • Order books for construction firms contract - subdued sentiment nL8N23H44Z
  • Charts show mixed momentum studies, 5, 10 & 21 DMAs coil - neutral setup
  • Key levels are 1.2800, 38.2% of the May fall and 1.2560 May low
  • 1.2653 NY low and 1.2723 London high are initial support/resistance
  • 1.2700/15 415M strikes a potential magnet or cap in Asia

gbp jun 11 Click here

Source:
Thomson Reuters IFR Markets

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