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Jun 20 - 09:55 PM

GBP/USD - Bid Early, But The Trend Remains Strong For 1.3670

By Andrew M Spencer  —  Jun 20 - 07:35 PM

  • +0.2%, as the USD trades softer early on profit taking, bargain hunting

  • UK plan to capitalise on science and technology breakthroughs nL5N2O206S

  • PM Johnson believes R&D is crucial for the UK's post Brexit renewal

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

  • 21 day Bollinger bands expand - signals support a strong downtrend

  • Close below 2.3803 May low was a bearish bearish signal for this week

  • NY 1.3791 base and 1.3832 NY afternoon high are initial support, resistance

  • Pace of last weeks 2.5% fall leaves studies oversold, but trend is strong

    For more click on FXBUZ


gbp jun 21 Click here

Source:
Refinitiv IFR Research/Market Commentary

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