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Jun 20 - 09:48 PM
GBP/USD - Boris Hot Favourite, But External Factors Lead GBP
First appeared on eFXplus on Jun 20 - 07:45 PM
  • Flat after opening +0.5% on broad based UST yield led USD weakness
  • Johnson hot favourite to be the next PM, EU losing patience nL8N23R3E2
  • Brexit having an understandable negative impact on investment nL8N23R2RS
  • Positive momentum studies, 5, 10 & 21 DMAs flat line/base, neutral setup
  • Close above 1.2768, 38.2% May/June fall would be bullish for next week
  • 1.2500 is initial significant support after providing a base this week
  • NY 1.2672 low and 1.2730-35 700M strikes initial support/resistance

gbp jun 21 Click here

Source:
Refinitiv IFR Research/Market Commentary

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