By Andrew M Spencer — Feb 09 - 10:10 PM
-0.1% in a very tight 1.2100-1.2117 range with only moderate flow on D3
Asia cautious ahead of UK data - GDP poll -0.3% m/m and flat q/q
Manufacturing output m/m poll -0.2% and industrial output m/m -0.2%
Charts; 10 & 21 day moving averages head lower, 21 day Bolli bands expand
Momentum studies conflict, net bearish setup, despite Thursday's bounce
1.1984, 76.4% 2023 rise a base on the close this week - resilient support
1.2168 10 day moving average then 1.2193 NY high initial resistance
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Source:
Refinitiv IFR Research/Market Commentary