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May 30 - 09:55 PM

GBP/USD - Poised Below Key Resistance, But Signals Support

By Andrew M Spencer  —  May 30 - 07:41 PM

  • Little changed after closing down 0.1% - UK holiday, so tight ranges likely

  • Lifting England's lockdown will be driven by data - minister nL2N2NH04Y

  • British retail faces "tsunami of closures" without rent help nL5N2NF50N

  • Sunak - tax deal to be done at G7, but tech must pay fair share nL2N2NG0D6

  • Charts; momentum studies, 5, 10 & 21 daily moving averages climb

  • 21 day Bolli's contract - test of 1.4240 2021 high remains viable

  • Sustained break of rising 1.4087 21 DMA would end the topside bias

  • NY 1.4137-1.4200 range is initial support and resistance


    For more click on FXBUZ


gbp may 31 Click here

Source:
Refinitiv IFR Research/Market Commentary

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