By Andrew M Spencer — Jan 18 - 10:04 PM
+0.2% - USD led with risk resilient in Asia - E-mini S&P +0.55%
Trades at the top of a 1.3581-1.3614 range with plenty of interest
UK firms call for immediate $10.3 billion in COVID aid nL8N2JT3IN
Techs; key resistance at 1.3712/19 - Jan high and upper 21 day Bolli band
Daily momentum studies flat line, 5, 10 & 21 daily moving averages conflict
Neutral setup in the middle of the January range - breakout likely USD led
Break of 1.3451 2021 base would initially target 1.3384, 38.2% Nov-Jan rise
London 1.3522 low and 1.3622 5 day moving average initial support-resistance
For more click on FXBUZ
gbp 2 jan 19 Click here
Source:
Refinitiv IFR Research/Market Commentary