By Andrew M Spencer — Aug 19 - 11:40 PM
Off 0.1% at the base of a 1.1075-1.1087 range with the USD up 0.1%
USD/JPY leads the USD in Asia, trading up 0.25% with 10yr UST +1bp to 3.876%
German PPI and Final Eurozone CPI lead today's data - unlikely to impact
Charts; daily momentum studies climb, 21-day Bollinger bands expand
5, 10 & 21-day & week moving averages rise - signals remain supportive
Monday's 1.1012 low and then the 1.0986 10-DMA is the key support
the likely resilient 1.1139 December 2023 top is the initial target
1.1095 753mln and 1.1100 1.172BLN are the close strikes for August 20th
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary