GBPUSD has broken below the support level at 1.2762, indicating the resumption of the downtrend from 1.3141. With this breakout, it is likely that further decline may be observed in the upcoming days.
<p>US durable goods orders rose 1.7% mom to USD 288.2B in May, much better than expectation of -1.0% mom decline. Ex-transport orders rose 0.6% mom to 185.6B. Ex-defense orders rose 3.0% mom to
EUR/USD hit its highest level since January 2019 in early trade but faded some of the move after the US ordered China to close its consulate in Houston.
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