By Andrew M Spencer — Dec 08 - 10:20 PM
Trades up 0.3% with USD -0.3% and risk bid - Nikkei +1.35%, AsiaxJP +1%%
Sterling quiet - USD sold late morning - GBP top of a 1.2227-1.2276 D3 range
Cash use slips to 15% of UK purchases in 2021, and 8% of retail sales
Substantial card transaction fees need to be regulated - BRC nL8N32Y4BN
Charts; neutral daily momentum studies, 10 & 21 day moving averages climb
21 day Bollinger bands rise - positive setup while 1.2030 21 DMA holds
1.2152 10 DMA held again - a base on the close for this move and key support
1.2271 Asian high then this week's 1.2345 trend high are initial resistance
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary