By Andrew M Spencer — Dec 07 - 10:25 PM
GBP/USD -0.2% - USD +0.15%, 10yr UST +2bp 3.447%, E-mini S&P -0.2%
Trades towards the base of a 1.2181-1.2212 range - modest flows on D3
UK jobs market loses more momentum in November: REC nL8N32X4EV
Cost of living crisis and rising yields hit UK house prices nS8N2Y3016
Charts; daily momentum studies ease, 5, 10 & 21 day moving averages conflict
21 day Bollinger bands contract - trend stalled, struggles above 1.2300
1.2135 10 DMA again held - a base on the close for this move, key support
1.2231 NY high then this week's 1.2345 trend high are initial resistance
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary