By Peter Stoneham — Oct 10 - 06:35 AM
Sterling set for a fifth straight day of gains
Bulls line up 1.2309, a 38.2% Fibo off 1.2745-1.2039
Price nudges above the 21-day moving average, 1.2265
The 10-day moving average, 1.2177, flips from resistance to support
Oct. 4 key day reversal and bullish engulfing line proved accurate
Bull trend developing: targets the 200-day moving average, currently 1.2441
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Source:
Refinitiv IFR Research/Market Commentary