By Andrew M Spencer — Oct 10 - 11:10 PM
+0.05% in a tight, but active 1.2287-1.2303 range on D3
UK vacancies fall but the jobs market slowdown may be ending - REC
The UK private sector jobs market is much stronger than the public sector
Charts; 5, 10 & 21 DMAs conflict, as 21-day Bollinger bands contract
Close above pivotal 1.2266 21-day moving average suggests a stronger bounce
1.2067, 38.2% of the 2022-2023 rise remains resilient longer-term support
The target for the topside break is 1.2441 200-DMA, 1.2460, 38.2% 2023 fall
Sterling's topside break could extend to 1.2450
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary