By Peter Stoneham — May 08 - 02:20 AM
Sterling's topside breakout extends to 1.2652
Market pushes above a short-term trend resistance line at 1.2626
Daily momentum positive bit not confirming latest price lift
Bull targets include the 100WMA, 1.2711, last close above in Feb
A 61.8% Fibo of the 1.4250-1.0327 drop comes in at 1.2751
Shallow bull bias support at 1.2494, daily trend line off 1.1805 Mar. 8 low
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Source:
Refinitiv IFR Research/Market Commentary