By Andrew M Spencer — Jan 19 - 10:15 PM
Steady in a 1.2378-1.2398 range with very light flow on D3
UK consumer mood slides back to near 50-year low - GfK
Cost of living crisis and industrial unrest weighs on sentiment
Charts; mixed momentum studies, 21 day Bollinger bands expand
5, 10 & 21 DMAs rise - targets another test of 1.2441, 61.8% 2022 fall
Close below 1.2140 21 day moving averages needed to end the topside bias
London 1.2314 low and this week's 1.2435 top first major support, resistance
Close above 1.2450 would be a strong bullish signal for next week
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Source:
Refinitiv IFR Research/Market Commentary