Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Jun 06 - 02:55 AM

GBP/USD - Potential Political Turmoil - Familiar Levels

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

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2022 eFXdata · All Rights Reserved
!