By Andrew M Spencer — Apr 20 - 11:40 PM
-0.05% in a tight 1.2432-1.2443 range in Asia - very quiet on D3
UK consumer confidence highest since Feb 2022 as 'green shoots' emerge: GfK
Retail sales, then manufacturing, and services PMIs lead data risk in London
Data will provide insight into the UK economy after Wednesday's high CPI
Charts; neutral momentum studies, 5, 10 & 21 day moving averages edge higher
21-day Bollinger bands contract - uptrend consolidates - net positive setup
Close below the resilient 1.2403 rising 21 DMA would be a bearish signal
Sustained 21 DMA break targets 1.2262, 38.2% of the March/April rise
For more click on FXBUZ
Asia
Source:
Refinitiv IFR Research/Market Commentary