The 10-day moving average beginning to provide support, on a closing basis

The average today at 1.2639

A late Tues dip to 1.2638 filled our 1.2640 bid

We target 1.2810, ahead of the 200DMA, 1.2820: stop at 1.2590

Sterling has extended its recovery from Monday's 1.2745-1.2619 drop

Fourteen day momentum is encouraging, flipping to positive

Daily RSI is confirming the two-day rally

A drop below 1.2619, Dec. 2 low, would damage the sterling recovery

GBP/USD trader TGM2338

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