By Andrew M Spencer — Apr 16 - 08:25 PM
+0.05% in early Asia after closing -0.15% with the USD and UST yields firmer
Bank of England's Bailey sees strong evidence of falling UK inflation
BOEWATCH prices 26pts of rate cuts in September- today's CPI will be pivotal
Charts; 5, 10 & 21 day moving averages fall with the 21-day Bollinger bands
Daily momentum studies slip - daily charts show a strong bearish bias
Move targets 1.2368, 0.618% Oct-March rise then the 1.2045 Oct 23 base
1.2471 London top and Monday's 1.2498 high are initial resistance
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary