By Peter Stoneham — May 22 - 04:00 AM
Short and caught, our 1.2684 trade stopped at 1.2730
An early Wed high of 1.2761 followed by a 1.2745 pullback
Price has removed the 76.4% Fibo of the 1.2893-1.2299 drop, 1.2753
Sterling now clear above its daily Ichimoku cloud
Bulls target the 1.2803 high from March 21
Positive daily momentum extending: RSI nearing 70 and over bought territory
We are side lined for now
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary