Adds Chart

• Our 1.3406 short play is looking increasingly vulnerable

• Support from the 10-day moving average, 1.3345, is defining the up-trend

• We will maintain a 1.3435 stop but might cover on a 1.3350 bounce

• A 23.6% Fibo off 1.3000-1.3434 comes in at 1.3332

• Resistance in the 1.3425-35 area has stalled the bull run

• Fourteen day momentum is positive but RSI flat lining just below o/b levels

• Close under 1.3345 needed to damage the bull run

• GBP/USD trader TGM2338

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