By Andrew M Spencer — Jan 31 - 06:45 PM
-0.05% after closing -0.25%, despite a softer U.S. dollar - EUR/GBP +0.35%
UK and EU strike deal that could break N.Ireland deadlock -The Times
If a true, a viable EU/UK compromise would be a strong sterling positive
It could begin a closer trading relationship with UK's biggest customer
Techs; 5, 10 & 21 day moving averages conflict, 21 day Bolli bands contract
Momentum studies slide - neutral setup above pivotal 1.2262 21 DMA
Sustained 1.2450 Dec/Jan range top break would target 1.2666 May high
Close below 1.2262 21 day moving averages would be a bearish signal
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Source:
Refinitiv IFR Research/Market Commentary