By Andrew M Spencer — Jan 03 - 06:40 PM
Adds chart
Steady after closing down 0.7% amid broad based risk off USD strength
Strikes rampant across the UK nL8N33O1B5 - will impact Q1 economy
PM Sunak to set out priorities tonight, responds to critics nL8N33O3P9
Important that the PM inspires confidence in these very tough times
Charts; daily momentum studies conflict and 21 day Bollinger bands expand
5, 10 & 21 day moving averages ease, setup suggests base the weak side
1.1889 lower 21 day Bollinger band held, and 1.2136 21 DMA likely contain
1.1900 London low and 1.2057 London high are initial support, resistance
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary