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Jun 11 - 01:55 AM

GBP/USD - Cautious Asia Supports Ahead Of Key UK Jobs

By Andrew M Spencer  —  Jun 10 - 11:45 PM
  • +0.05% at the top of a 1.2725-1.2734 range, supported by soft risk appetite

  • UK jobs data, leads event risk in Europe - RTRS poll employment change -100k

  • Major UK data dump on Wednesday, including GDP and Industrial Production

  • Sunak unveils Conservative election manifesto promising "financial security"

  • Charts; daily momentum studies crest-fall - 21-day Bollinger bands contract

  • 5, 10 & 21-day moving averages conflict - daily signals are now neutral

  • A sustained break of 1.2680 May 30th base would be a bearish signal

  • 1.2821 upper 21-day Bolli and 1.2825 June high are the first resistance

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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