Sterling pulling up and away from the lower daily

A low in place at 1.2406, 2024 low

We have a 1.2415 long in play for 1.2550 and have a stop at entry

Fourteen day momentum remains negative but RSI is rising

Fibo retrace levels off the recent 1.2709-1.2406 drop provide bull targets

The 38.2% is at 1.2522 and 50% retracement is at 1.2558

Climb above 1.2498, Apr. 15 high, could bolster the pound

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