By Peter Stoneham — Mar 10 - 05:40 AM
Thursday rebound out of a small Wednesday hammer candle
Gains extending early Friday and daily trend resistance back in the game
Another close back below the line could drop GBP back to the low 1.18s
Clear breach targets 1.2065, March 7 high, a potential game changer
Daily momentum remains negative but RSI confirming latest price rise
Weekly cloud base, 1.2073, adds to the 1.2065 resistance
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Source:
Refinitiv IFR Research/Market Commentary