By Andrew M Spencer — Dec 09 - 10:05 PM
Off 0.05% in a tight 1.2739-1/2753 range with solid flow on FX Matching
Without tier-one UK data or BoE events, the USD, risk appetite lead GBP
UK government departments to focus spending on Starmer's priorities
External experts to scrutinise departmental budgets to eliminate waste
Good government intentions - it will be interesting to see the reality
Techs - neutral daily momentum studies, 21-day Bollinger bands contract
5, 10 & 21-DMAs conflict - little daily bias, weeklies still bearish
Last week's 1.2619 low, then the 1.2475 November trend low initial supports
Friday's 1.2810 top then 1.2839, 0.382% September/November fall resistance
A close above 1.2839 would end the September-November downtrend
For more click on FXBUZ
Source:
London Stock Exchange Group | Thomson Reuters