By Andrew M Spencer — Nov 02 - 11:10 PM
Steady in a 1.2185-1.2208 Asian range with only moderate interest in D3
Tokyo holiday and upcoming often volatile U.S. payrolls capped interest
Final services PMI is the only UK data - unlikely to impact on sterling
A strong U.S. payrolls could undermine confidence in no more Fed hikes
Charts; momentum studies, 5, 10 & 21-day moving averages head higher
21-day Bollinger bands flat line - modest positive setup targets 1.2337
The October 1.2038-1.2337 range looks set to hold into next week
New York's 1.2167-1.2225 range is initial support and resistance
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Source:
Refinitiv IFR Research/Market Commentary