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Jun 30 - 07:55 AM

GBP/USD - Threatens Tuesday's High After Half-Cent Climb

By Rob Howard  —  Jun 30 - 06:54 AM
  • Cable scales intra-day peak of 1.3873 after rallying off 1.3815

  • 1.3815 was intra-day low at 0820GMT, pip shy of Tuesday's one-week low

  • See: nL2N2OC0MU. 1.3873 approximates to Monday and Friday's lows

  • 1.3879 was Tuesday's high. 10DMA is a resistance level beyond nL2N2OC0BU

  • Positive news on EU-UK "sausage row" expected today nL5N2OB330

  • U.S. June ADP employment data due 1215GMT, 600k f/c (NFP data due Friday)

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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