By Andrew M Spencer — Apr 18 - 08:15 PM
A touch softer after closing down 0.15%, with the U.S. dollar up 0.2%
UK wage growth and services inflation too high for rate cut, BoE's Greene
Most central banks are data-driven so major releases can change the outlook
Tight range likely in Asia ahead of retail sales data early in London
Charts; 5, 10 & 21-day moving averages plus 21-day Bollinger bands fall
Daily momentum studies slip - daily charts retain the bearish bias
Signals target 1.2369, 0.618% Oct-March rise, then the 1.2045 Oct 23 base
Yesterday's 1.2484 high then Monday's 1.2498 high are initial resist
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Source:
Refinitiv IFR Research/Market Commentary