By Andrew Spencer — Jan 20 - 06:52 PM
• Steady after closing +1.35%, as the USD fell on lack of specific tariff news
• Trump pledges to save America from 'decline,' - turmoil fuels FX volatility
• UK Fin Min Reeves to strategise with the key financial services sectors
• UK jobs data leads event risk in London - Trump announcements in Asia
• Charts - daily momentum studies rise, 21-day Bollinger bands head lower
• 10 & 21-DMAs slide - weeklies remain bearish - the negative setup remains
• Monday's 1.2160 low, then the 1.2100 2025 base are initial supports
• 1.2389 21-DMA then the Jan 7 1.2575 high are first resistance
• A close above the 1.2392 21-DMA would be a positive signal
Andy
(Andrew Spencer is a Reuters market analyst. The views expressed are his own.)
Source:
London Stock Exchange Group | Thomson Reuters