By Andrew M Spencer — Apr 16 - 11:45 PM
-0.1%, in the middle of an occasionally busy 1.2385 - 1.2415 D3 range
The U.S. dollar edged 0.1% higher in a low key start for markets in Asia
No significant UK data today, so U.S. dollar, risk appetite to lead sterling
Charts; positive momentum studies and 5, 10 & 21 day moving averages
21 day Bollinger bands contract - uptrend stalled but remains valid
Close below the 1.2371 rising 21 DMA would end the topside bias
1.2371 21 DMA and early Asia 1.2415 high initial support and resistance
Close will be pivotal for sterling's current uptrend
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary