By Andrew M Spencer — Jun 06 - 12:15 AM
Steady in a low key Asian session, with Brent +0.8%, and E-mini S&P +0.5%
Traded in a 1.2477-1.2500 range around Wednesday's close, with flows early
PM Johnson may return from festivities to a confidence vote nL8N2XN32W
Charts; momentum studies, 5, 10 & 21 day moving averages conflict
21 day Bollinger bands climb - neutral setup after last week's consolidation
Rising 21 day moving average a base last week now 1.2462 pivotal support
1.2572 NY high then Friday's 1.2589 Asian top are first resistance
1.2477 Asian low then 1.2462 21 DMA are initial supports
For more click on FXBUZ
gbp 2 jun 6 Click here
Source:
Refinitiv IFR Research/Market Commentary