By Andrew M Spencer — Feb 02 - 06:45 PM
Touch softer after closing down 1.2% in response to the BoE dovish hike
Gilt yields slumped, 10yr -30bp to 3.006%, investors wary on longer term
Expecting a tight range in Asia ahead of often volatile U.S. payrolls
Techs; a bearish outside day and close below 1.2288 21 DMA ends topside bias
5, 10 & 21 day moving averages conflict, 21 day Bolli bands contract
Momentum studies head lower - dip leaves negative daily studies
1.2216, 38.2% of the 2023 rise is initial close support
1.2288 21 DMA then 1.2295 5 DMA are first resistance
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Source:
Refinitiv IFR Research/Market Commentary