By Andrew Spencer — Mar 06 - 06:47 PM
• Steady after closing down 0.1% with the U.S. dollar off 0.05%
• BoE's Mann - UK inflation rise unlikely to lead to long-term price pressures
• UK firms see faster price rises and smaller pay increases, BoE survey shows
• Asia usually trades tight ranges ahead of the often volatile U.S. payrolls
• Charts - 5, 10 & 21-day MAs climb, as 21-day Bollinger bands expand
• Positive daily momentum studies - this week's bounce leaves a bullish setup
• The 1.2788 200 DMA and then Tuesday's 1.2679 low are initial supports
• 1.3046 range top in November 2024 is the next significant resistance
• A sustained break of the 1.2610 21-day moving average ends the topside
bias
Andy
(Andrew Spencer is a Reuters market analyst. The views expressed are his own.)
Source:
London Stock Exchange Group | Thomson Reuters