By Andrew M Spencer — Dec 15 - 06:50 PM
+0.15% with the USD -0.05%, after closing -0.4% Friday as soft data capped
Friday's UK data dump showed the economy weakening as most components missed
Despite the data markets expect no BoE change this week GBPIRPR 4.75% 87.24%
Charts - daily momentum studies crest/fall, 21-day Bollinger bands flat line
5, 10 & 21-DMAs ease - a modest negative daily bias, weeklies head lower
Thursday's bearish outside day was confirmed by Friday's fall
Friday's 1.2607 low, then the 1.2475 November trend low initial supports
Dec 6 1.2810 recovery top then 1.2839, 0.382% Sep/Nov fall major resistance
For more click on FXBUZ
Source:
London Stock Exchange Group | Thomson Reuters