With good support close by sterling should be able to hold its advantage

The 10DMA, 1.2129, cloud top at 1.2085 and 200DMA at 1.1944

However, a key 50% Fibo level could stall the cable advance

The retracement level is at 1.2205, taken off the 1.2447-1.1962 drop

Above the Fibo and the converged 21-30DMAs are at 1.2155

We will monitor the price action around the 1.22 level before trading

For more click on FXBUZ