By Andrew M Spencer — Jan 29 - 06:40 PM
-0.15% after closing down 0.1% with the U.S. dollar a touch firmer
UK PM Sunak fires party chairman Zahawi over his personal tax affairs
Latest in a string of Conservative Party scandals, but election unlikely
Charts; 10 & 21 day moving averages, 21 day Bollinger bands head higher
Neutral momentum studies - net positive setup need progress soon
Sustained 1.2450 break needed soon to sustain the topside bias
Close above 1.2450 would target a test of the 1.2666 May high
Close below 1.2236 21 day moving averages would end the topside bias
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Source:
Refinitiv IFR Research/Market Commentary