BRITISH POUND/US DOLLAR
Consolidating in what might be a pennant formation following Tuesday’s rush. If we were to surge higher again next week then perhaps bullish momentum would increase to levels not seen so far this year.
SHORT TERM TRADER: New small long at 1.2785; stop below 1.2500. Target 1.3200.
POSITION TAKER: Looking to go long on a weekly close above 1.2900.
| SUPPORT | RESISTANCE |
| 1.2800 | 1.2860 |
| 1.2770 | 1.2905 |
| 1.2715 | 1.3000 |
| 1.2600 | 1.3040 |
