By Peter Stoneham — Mar 10 - 03:05 AM
Thursday rebound out of a small Wednesday hammer candle
Gains extending early Friday and daily trend resistance back in the game
We offer by the 1.1977 line, taken off the Feb. 2 1.2400 high
Another rejection at the line could drop GBP back to the low 1.18s
A clear resistance breach targets 1.2065, March 7 high: game changer
Daily momentum remains negative but RSI confirming latest price lift
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Source:
Refinitiv IFR Research/Market Commentary