By Andrew M Spencer — Dec 05 - 10:00 PM
-0.1% in a 1.2742-1.2760 range on Korea - Russia led safe-haven USD strength
UK employers cut 2025 growth forecasts as tax hikes weigh on economy
PM Starmer pledges measurable 'milestones' to rebuild UK after rocky start
Without tier 1 UK data or BoE events, offshore factors led by US jobs lead
Techs - daily momentum studies climb, 21-day Bollinger bands contract
5, 10 & 21-day moving averages coil - neutral daily setup, bearish weeklies
This week's 1.2619 low, then the 1.2475 November trend low initial supports
Thursday's 1.2770 top then 1.2841, 0.382% September/November fall resistance
A close above 1.2841 would be a bullish signal for next week
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Source:
London Stock Exchange Group | Thomson Reuters