• Green day for the sterling following BOE intervention in the bond market
• Pair is trading near the 50% retracement of the recent sharp decline
• Potential double top at 1.09340
• Bulls need to clear the above level to reclaim the psychological level 1.10
• Pair is trading near the 50% retracement of the recent sharp decline
• Potential double top at 1.09340
• Bulls need to clear the above level to reclaim the psychological level 1.10
Ramzi Abou Abdallah, CFTe, CMT
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