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Refinitiv
Jun 30 - 04:55 AM

GBP/USD - Consolidation To Free Up More Downside Potential

By Peter Stoneham  —  Jun 30 - 02:55 AM
  • Stalling to the downside but weight still with the sellers

  • Daily negative momentum has faded and RSI remains flat and neutral

  • Still see scope for a return to levels below 1.2000

  • Loss consolidation could take some heat out of the recent bear run

  • The last Fibo retrace level off 1.19340-1.2405 is at 1.2045

  • Topside squeeze point seen at 1.2226, the 10 day moving average

    For more click on FXBUZ
















Source:
Refinitiv IFR Research/Market Commentary

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