By Peter Stoneham — Dec 05 - 04:55 AM
Sterling maintaining a bid tone and we have raised our long stop to entry
Fourteen day momentum now confirming the price rally to 1.2740
Daily RSI trying to lift from neutral levels
Resistance levels are close by including a 50% Fibo
The retracement level, 1.2761, is taken off the 1.3046-1.2475
Developing support from the 10-day moving average, today at 1.2653
GBP/USD trader TGM2338
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Source:
London Stock Exchange Group | Thomson Reuters