Cable keeps positive tone following Thursday’s 3.3% rally, which generated an additional bullish signal on close above descending 100DMA (1.1658). Weaker dollar keeps pound inflated and bulls focus target at 1.1834 (Fibo 76.4% of 1.2293/1.0348), the last obstacle en-route to psychological 1.20 barrier. Bullish daily techs are additionally supported by formation of bullish engulfing pattern […]
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