By Peter Stoneham — Apr 19 - 03:40 AM
Sterling continues to fight a daily trend line break
Line taken off the 1.1805 Mar. 8 low provides resistance at 1.2514 today
Initial support at the 21DMA, on a closing basis, currently 1.2389
Downside risk while the Apr. 27 1.2124-26 Ichimoku cloud twist is in play
Daily momentum and RSI readings are supportive
We stay side lined while signals are mixed
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Source:
Refinitiv IFR Research/Market Commentary