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Jun 01 - 06:55 AM

GBP/USD - Broke Above Two Major Levels Last Month

By Jeremy Boulton  —  Jun 01 - 04:54 AM
  • In May GBP/USD closed 1.4215, highest close since Brexit referendum

  • Last month GBP/USD closed over 100-MMA for first time since June 2014

  • GBP/USD closed above 1.4171 which is 76.4% drop from pre-referendum peak

  • GBP/USD traded 1.5022 before yes vote crushed pound

  • May's close implies GBP/USD will fully retrace its 2016-2020 drop


GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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