By Andrew M Spencer — Jan 05 - 10:10 PM
+0.15% in a tight 1.1914-1.1928 Asian range with modest flow on D3
Low key FX majors in Asia ahead of often volatile U.S. payrolls
No tier 1 UK data Friday - USD and risk appetite likely lead sterling
Charts; daily momentum studies, 21 day Bollinger bands gently ease
5, 10 & 21 day moving averages head lower, bearish setup continues
Close above 1.2111 21 day moving average would end the downside bias
Falling 1.1848 lower 21 day Bollinger band is initial support
Longer-term target is a test of 1.1634, 38.2% Sep/Dec rise
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary