By Andrew M Spencer — Mar 27 - 07:40 PM
Off 0.1%, after closing -0.05% on Friday as choppy consolidation extended
No market moving UK news at the weekend - Ukraine conflict leads sentiment
UK says Russian sanctions could be lifted on Ukraine withdrawal nL2N2VT0JN
Russia-Ukraine conflict extends peace, talks resume March 28-30 nL2N2VU00S
Charts; momentum studies - 5, 10 & 21 daily moving averages conflict
21 day Bollinger bands contract - mixed signals favour range trading
1.3000 March and 2022 low, 1.3322 50% of Feb-Mar fall range parameters
London 1.3160 low and NY 1.3222 high are initial support and resistance
For more click on FXBUZ
gbp Mar 28 Click here
Source:
Refinitiv IFR Research/Market Commentary