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TDUX
Jun 04 - 05:55 PM

GBP/USD - Bid Unravels Again, Ahead Of Multiple DMA Resistance Ahead Of 1.35

By Refinitiv  —  Jun 04 - 02:26 PM

• GBP$ eking out slight gain in NY afternoon, +0.1% at 1.3430; NorAm range 1.3462-1.3427

• Early NorAm rise on back of Israel-Hezbollah ceasefire, broader Mideast peace ebbs

• Bulls reluctant to take out multiple DMA resistance by 21-, 100- and 30-DMAs 1.3464-88

• Market focus shifting to U.S. payroll data Friday, for clues at Fed policy in H2 2026

• Today's IJC was a smidge higher, continuing claims lower; may be at odds w/falling NFP f/c

• Mideast peace headline yaw should revert to primary focus post-NFP

• GBP$ remains anchored near the middle of its recent 1.33-1.35 range awaiting peace

• Supt at 1.3412 the June 3/4 lows, 1.3386 the daily cloud base, 1.3342 the lower 30-d Bolli



GBP$ Chart:


(Paul.Spirgel is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters
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