By Andrew M Spencer — Dec 16 - 07:15 PM
+0.05% after closing up 0.6% as PMIs showed increased inflationary pressure
UK employment data leads event risk in London - unemployment rate poll 4.3%
LSEG's GBPIRPR prices no change in rates by the BoE on Thursday at 85%
Charts - daily momentum studies crest/fall, 21-day Bollinger bands flat line
Mixed 5, 10 & 21-DMAs - a neutral daily bias, weeklies head lower
Friday's 1.2607 low, then the 1.2475 November trend low initial supports
1.2810 December high then 1.2839, 0.382% Sep/Nov fall major resistance
Bulls need a close above 1.2839, 0.382% of the Sep- Nov fall to get excited
For more click on FXBUZ
Source:
London Stock Exchange Group | Thomson Reuters