By Peter Stoneham — May 10 - 04:35 AM
Adding word to headline
Bullish bias just holding but progress has slowed significantly
Long upper and lower candle shadows hint at market indecision
Daily trend support at 1.2526 key to sterling's direction
The line is taken off the 1.1805 March 8 low
Daily momentum readings are positive but RSI is nearing O/B level
Weekly charts also suggest trend fatigue and pullback risk
We await stronger signals
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary