By Andrew M Spencer — Oct 15 - 11:15 PM
Trades at the top of a busy 1.3060-1.3077 range on LSEG FX Matching
Risk 'off' Asian stocks, Nikkei -1.95%, AsiaxJP -0.6% supported the USD
Sentiment driven by falls on Wall Street and lack of China stimulus detail
UK inflation data will be key for BoE expectations - Core CPI Y/Y poll 3.4%
Charts- negative daily momentum studies as 21-day Bollinger bands expand
5, 10 & 21-day moving averages edge lower above resilient Fibo support
1.3002 Sept low provides a base - 1.2900, 0.382% Apr-Sep rise next support
1.3085 10-DMA is close then the 1.3133 high last week is first resistance
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary