By Peter Stoneham — Feb 11 - 02:39 AM
Increasing risk of pullbacks but likely limited to 1.3773 pivot point
Big bull targets still viable: 1.4140 100MMA-1.4377 Apr 2018 high
Rally checked at 1.3865 Wed high and long upper shadow recorded
No clear reversal signals yet and momentum readings now confirming gains
Wed high initial resistance with daily channel top behind at 1.3897
Price is outside its daily Bollinger envelope, upper line 1.3827
Weekly Bollinger also pressured but still room for GBP to rise here
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Source:
Refinitiv IFR Research/Market Commentary