By Andrew M Spencer — Nov 07 - 10:05 PM
Off 0.1% in a 1.2965-1.2988 range, busy early then quiet on FX Matching
Low key end to the week in Asia after a hectic period of major event risk
The UK's jobs market showed further signs of cooling in September
There is no UK data today, so risk appetite and the USD to lead sterling
Charts - daily momentum studies rise, 21-day Bollinger bands gently contract
5, 10 & 21-day moving averages coil - signals show no real bias
Thursday's 1.2877 low then this week's 1.2835 base are initial supports
Last week's 1.3043 high capped - 1.3103 Oct 15 top is next resistance
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Source:
Refinitiv IFR Research/Market Commentary