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Thomson Reuters
Jun 24 - 09:48 PM
GBP/USD - Resilient 1.2768 Resistance, As PM Race Weighs
First appeared on eFXplus on Jun 24 - 07:55 PM
  • Flat after opening little changed, despite a broadly softer USD
  • EUR/GBP closed +0.3%, as ongoing UK political uncertainty weighs on GBP
  • Boris Johnson's proposed tax cuts will be very expensive nL8N23V55W
  • 'No deal' Brexit threat is real, Boris appeases right wing nL8N23V6CI
  • Momentum studies climb, 5, 10 & 21 DMAs base/rise - positive setup
  • Sustained 1.2770 break would initially target 1.2849, 50% May/June fall
  • NY 1.2708 low and early London 1.2766 high are initial support/resistance

gbp jun 25 Click here

Source:
Thomson Reuters IFR Research/Market Commentary

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