Main scenario: consider long positions above the level of 1.2503 with a target of 1.3300 – 1.3500 once a correction is formed. Alternative scenario: breakout and consolidation below the level of 1.250
The changes are light among major currencies with the ranges for the day keeping rather narrow for the most part. Cable is up slightly to 1.3550 as buyers lean on the 200-hour moving average @ 1.3529
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