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Jun 28 - 08:55 PM

GBP/USD - Soft, As Coronavirus Spread Weighs On Risk Appetite

By Andrew M Spencer  —  Jun 28 - 06:35 PM
  • Off 0.1%, as E-mini S&P trade -0.7% on U.S. Covid fears nL2N2E504X

  • UK's top civil servant leaves as Johnson adviser seeks change nL5N2E50DV

  • PM and Cummings are surrounding themselves with like minded individuals

  • Johnson to unveil new infrastructure plan, as second wave looms nL5N2E5064

  • Charts, momentum studies, 5, 10 & 21 DMAs crest or fall - bearish setup

  • June fall in a well defined trend channel, 1.2460 channel top key resistance

  • Cresting 1.2291 lower 21 day Bolli band a likely short term base

  • 1.2314 NY low and earlier 1.2341 high are initial support-resistance




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gbp jun 29 Click here

Source:
Refinitiv IFR Research/Market Commentary

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