• Sterling rises to fresh YTD high at 1.3054

• USD sales pick up ahead of JH, traders position for a dovish Powell

• However, potential false break of prior YTD high is a worry for bulls

• False break occurs when a key tech sees a break and quick reversal

• This often marks a reversal signal. Thus, daily close will be key

• As close below 1.3044 would confirm false break

• Support: 1.2969 (55-hour MA), 1.2915 (100-hour MA)

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