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Jun 08 - 01:55 AM

GBP/USD - Offered As The USD Firms - Commodities, Stocks Ease

By Andrew M Spencer  —  Jun 07 - 11:37 PM

  • -0.1%, trading at the base of a tight, quiet 1.4163-1.4182 range - USD led

  • UK's June 21 lockdown to extend by fortnight - The Times nL3N2NP4KV

  • UK retailers report strong May sales after lockdown ends nS8N2MS06R

  • Sales a major indication that the economic recovery should be vigorous

  • Charts; 5, 10 & 21 DMAs base, momentum studies conflict - neutral setup

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

  • Major resistance above 1.4300, 1,4302 50% 2014-2020 fall & 1.4377 2018 top

  • 1.4082 June low and 1.4058 21 day lower Bollinger band key support zone

For more click on FXBUZ


gbp 2 jun 8 Click here

Source:
Refinitiv IFR Research/Market Commentary

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