By Andrew M Spencer — Jan 12 - 10:15 PM
-0.1% with the USD a touch firmer, as the dust settles on pivotal U.S. CPI
Trades at the base of a tight 1.2200-1.2215 range - quiet on D3
Plenty of data in London led by GDP - poll -0.2% m/m, IP - poll -0.3% m/m
UK data needs to really surprise to move sterling - remains USD, risk led
Charts; bullish outside day on Thursday, momentum studies flat line
21 day Bollinger bands expand, 5, 10 & 21 day moving averages rise
Positive setup Targets 1.2242 upper 21 day Bolli, 1.2444, 61.8% 2022 fall
Close below 1.2089/97 21 and 10 day moving averages would end topside bias
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary