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Jun 09 - 09:55 PM

GBP/USD - EU-UK Irish Impasse Weighs - 1.4070/80 Key Support

By Andrew M Spencer  —  Jun 09 - 07:39 PM

  • Steady after closing off 0.3%, with a bearish outside day

  • EU-UK N.Ireland talks stalled, U.S. add pressure for a solution nL2N2NR15S

  • U.S., UK leaders expected to work to reopen travel 'asap' nL2N2NR34E

  • Charts; 5, 10 & 21 DMAs coil, momentum studies slip - neutral setup

  • 1.4080-1.4250 range in place since mid May looks set to extend

  • 1.4082 June low and 1.4059 21 day lower Bollinger band key support zone

  • 1.4059 lower 21 day Bolli should hold, but a close below would be bearish

  • 1.4082 range base and 1.4190 London high initial support resistance

For more click on FXBUZ


gbp jun 10 Click here

Source:
Refinitiv IFR Research/Market Commentary

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