BRITISH POUND/US DOLLAR
Just as we had thought, rather a lot of knee-jerk reactions yesterday completing a hammer candle suggesting an interim low might be in place. Hopefully on a more even keel until the weekend.
SHORT TERM TRADER: Small long at 1.2415; stop below 1.2370. Target 1.2600.
POSITION TAKER: Square.
| SUPPORT | RESISTANCE |
| 1.2420 | 1.2475 |
| 1.2400 | 1.2500 |
| 1.2375 | 1.2560 |
| 1.2350 | 1.2616 |
