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Jun 29 - 02:55 AM

GBP/USD - Bid As USD Eases, But Charts And Fundamentals Weigh

By Andrew M Spencer  —  Jun 28 - 11:50 PM
  • +0.2% - USD a touch softer in a 1.2327-1.2373 range with moderate flow

  • UK's top civil servant leaves as Johnson adviser seeks change nL5N2E50DV

  • Boris and Cummings shuffle the deck, as GBP trends lower nL1N2E600O

  • Johnson to unveil new infrastructure plan, as second wave looms nL5N2E5064

  • Charts, momentum studies, 5, 10 & 21 DMAs crest or fall - bearish setup

  • June fall in a well defined trend channel, 1.2460 channel top key resistance

  • Rising 1.2298 lower 21 day Bolli band a likely short term base

  • Earlier 1.2327 low and earlier 1.2417 NY high are initial support-resistance

  • For more click on FXBUZ

gbp 3 jun 29 Click here

Source:
Refinitiv IFR Research/Market Commentary

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