By Andrew M Spencer — Dec 04 - 06:35 PM
-0.2% early after closing up 0.25% with an inside day, recovered US jobs dip
UK's Labour to announce plan to devolve power from Westminster nL8N32U0CM
Labour are well ahead in the polls and are now starting to offer policies
Charts; daily momentum studies rise, 5, 10 & 21 day moving averages climb
21 day Bollinger bands surge - positive setup while 1.1905 21 DMA holds
1.2291 well tested August high held on the close last week, but vulnerable
Sustained 1.2300 break would target a test of 1.2441, 61.8% 2022 fall
1.2093 10 DMA, a base on the close on this move, is initial major support
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Source:
Refinitiv IFR Research/Market Commentary