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Jun 03 - 01:55 AM

GBP/USD - Tight But Busy Range - Risk Appetite And USD Lead

By Andrew M Spencer  —  Jun 03 - 12:00 AM

  • Steady at the base of a tight 1.2575-1.2589 range - surprisingly busy on D3

  • Platinum Jubilee celebrations continue at St Paul's Cathedral nL8N2XP3BA

  • Four day weekend and U.S. payrolls suggest risk appetite, USD lead sterling

  • Charts; momentum studies, 5, 10 & 21 day moving averages conflict

  • 21 day Bollinger bands climb - neutral setup after Thursday's inside day

  • Rising 21 day moving average a base Wednesday now 1.2459 pivotal support

  • 1.2587 Asian high then Wednesday's 1.2616 top are initial resistance

  • 1.2527 NY low then 1.2474 Asian low on Thursday are first support

For more click on FXBUZ


gbp 3 jun 3 Click here

Source:
Refinitiv IFR Research/Market Commentary

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