By Andrew M Spencer — Dec 22 - 07:00 PM
Steady after closing down 0.4% - UK growth at the bottom of G7 nL8N33C12M
Brexit deal a 'nightmare' for small businesses - BCC survey nL4N33C1GR
Compromise on the N. Ireland protocol urgently needed to reboot EU/UK trade
Charts; neutral daily momentum studies, 5, 10 & 21 day moving averages crest
21 day Bollinger bands flat line - negative signals - 6 days of lower lows
Close below 1.2174 21 DMA was bearish for 1.1634 38.2% Sep/Dec bounce
Well tested 1.2441, 61.8% of 2022 fall capped - remains pivotal resistance
1.1993 NY low and 1.2146 London high are initial support and resistance
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Source:
Refinitiv IFR Research/Market Commentary