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Jun 25 - 11:00 PM
GBP/USD - Bearish Outside Day As Boris Ramps Up 'no Deal'
First appeared on eFXplus on Jun 25 - 08:00 PM
  • Flat, opened -0.4%, bearish outside day, close below 1.2672 would validate
  • Boris stands by 'no deal' rhetoric, appealing to the right wing nL8N23V6CI
  • Brexit delay fuelled a bounce in UK hiring and investment, REC nL8N23W2KM
  • Dip leaves momentum studies, 5, 10 & 21 DMAs conflicting at familiar levels
  • Neutral setup after 1.2768, 38.2% of the May June fall was tested in London
  • NY 1.2672 low and 1.2715, 38.2% of yesterday's fall support/resistance
  • 1.2660-70 650M are today's close strikes - a base in Asia

gbp jun 26 Click here

Source:
Refinitiv IFR Research/Market Commentary

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