By Andrew M Spencer — Aug 22 - 11:55 PM
+0.05% at the top of a tight 1.3087-1.3106 range with modest flow on D3
The USD slipped 0.1%, as hawkish BOJ's Ueda saw the yen lead the USD lower
GfK UK consumer confidence at an almost 3-year high, after strong PMIs
BOEWATCH prices no September rate cut at 71.9% from 63.96% last Friday
TECHs - positive daily 5, 10 & 21 moving averages, as 21-day Bolli's expand
Mixed momentum studies - charts provide a bullish daily and weekly setup
The current uptrend targets a test of the 1.3144 July 2023 top
Next resistance above 1.3144 is 1.3410, 0.786% of the 2021-2022 fall
Close below the 1.2955 10-day moving average would end the topside bias
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary