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Jun 22 - 03:55 PM

GBP/USD - Bounces Ahead Of Daily Cloud Top, Eyes DMA Resistance Above 1.2500

By Paul Spirgel  —  Jun 22 - 01:50 PM
  • GBP/USD holds bid into NY cls, +0.92% at 1.2461, NY range 1.2470-1.2382

  • Risk bid on USD haven unwind; stox up, commods higher on upbeat growth view

  • Sterling gains may be short-lived as stalled Brexit talks weigh nL1N2DZ0U2

  • GBP/USD res 100/21-DMA by 1.2505; support sub-1.2350 abv daily cloud top

  • EUR/GBP ends NY -0.17% at 0.9032, Mon range 0.9060-0.9021; GBP bulls hopeful on Brexit nP6N2D207L

GBP Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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