By Andrew M Spencer — May 10 - 12:05 AM
+0.2% towards the top of a 1.2320-1.2366 range with moderate flow on D3
Resilient as risk sold early, then climbed with E-mini S&P now +0.45%
UK could be heading for conflict with EU on N.Ireland protocol nL2N2X12QQ
UK shoppers cut spending as inflation hits household budgets nL8N2UI2LE
Charts; momentum studies edge lower, 5, 10 & 21 day and week MA's slide
21 day Bollinger bands fall, as the strong bearish setup remains in play
1.2459 10 DMA tested last week - remains the first major resistance
1.2262 early Europe low Monday and 1.2252 June 2020 base initial supports
For more click on FXBUZ
GBP 2 May 10 Click here
Source:
Refinitiv IFR Research/Market Commentary