By Andrew M Spencer — Dec 17 - 10:10 PM
-0.25%, with USD firmer, risk off profit taking - 1.3540-1.3590 range
Modest volumes, Asia cautious on fresh GBP positions - Brexit uncertainty
Vaccine led UK consumer confidence jump - most in 8 years nL8N2IX23S
Charts; daily, weekly and monthly 5, 10 & 21 moving averages climb
Strong positive trending setup targets 1.3677, 76.4% 2018-2020 fall
1.3562 rising upper 21 day Bollinger band suggests overbought short term
This week's 1.3270 low then 1.3135 low last week initial key supports
After consumer confidence rebound, retail sales will be interesting
For more click on FXBUZ
UK data dec 18 Click here
gbp 2 dec 18 Click here
Source:
Refinitiv IFR Research/Market Commentary