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Jan 24 - 11:55 PM

GBP/USD - Busy - Lower E-Minis Cap Risk Appetite

By Andrew M Spencer  —  Jan 24 - 10:20 PM

  • -0.15% in a busy 1.2313-1.2337 D3 range - E-mini S&P -0.45% caps risk

  • Amazon warehouse workers at Coventry walk out over pay in a UK first

  • They join a slew of public sector workers as the cost of living crisis bites

  • UK PPI leads data risk in London, though unlikely to impact on sterling

  • Charts; momentum studies conflict, 21 day Bollinger bands head higher

  • 10 & 21 DMAs rise - targets a close above 1.2441, 61.8% 2022 fall

  • Sustained 1.2450 break would open the door to 1.2666 May high

  • Close below 1.2182 21 day moving averages would end the topside bias

For more click on FXBUZ



Source:
Refinitiv IFR Research/Market Commentary

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