Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Jun 08 - 04:55 AM

GBP/USD - Brexit Aside - GBP/USD Faces Short Squeeze Risk As Key Techs Eyed

By Richard Pace  —  Jun 08 - 02:40 AM
  • Post Brexit trade deal remains elusive as extension deadline looms

  • However, GBP faces risk of further short squeeze as key techs threatened

  • Close above 200-daily moving average 1.2681 opens 1.2778

  • 1.2778 is 76.4% Fibo of 1.32-1.1413 initial coronavirus led drop

  • Break/close 1.2778 opens potential for full retrace

  • Worth considering topside options to hedge risk of a squeeze nL1N2DI0JS


GBP=D3 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
© 2020 eFXdata · All Rights Reserved
!