Sterling’s rebound from near 100-SMA support followed by an hourly closing above 1.4468 (23.6% of 1.4770-1.4374 would indicate intraday bearish invalidation and open doors for a rise to 1.4549 (23.6% of 1.43835-1.4770).
However, failure to sustain above 1.4468 would shift risk in favor of sideways to bearish action.
(Pair dropped to 100-SMA as expected earlier today)
However, failure to sustain above 1.4468 would shift risk in favor of sideways to bearish action.
(Pair dropped to 100-SMA as expected earlier today)
