By Andrew M Spencer — Feb 13 - 07:05 PM
+0.1% after closing +0.7%, supported by resilient risk appetite, softer USD
Demand for UK assets resurfaces in 2023 - underlying support for UK markets
Charts; Monday's strong close leaves a bullish outside day - positive signal
Opens above 1.2126 10 DMA, constructive sign, if confirmed by a strong close
10 day moving average break opens the door to a test of 1.2251 21 DMA
10 & 21 day moving averages head lower, 21 day Bolli bands expand
Momentum studies conflict - signals show little bias - topside break viable
1.1984, 76.4% 2023 rise held on the close last week - resilient support
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary