By Peter Stoneham — Apr 25 - 07:00 AM
Sterling stalling just ahead of Fibo levels, 1.2526-28
We have squared our 1.2395 long for just over a percent profit
Weekly action shows a topside cloud breach, reinforcing bullish potential
However, there is increasing corrective pullback risk
A bid left by the 1.2415 hourly cloud top
Negative daily momentum has now faded and RSI is rising
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Source:
Refinitiv IFR Research/Market Commentary