Spot Price: 1.2035
Technical Analysis:
Rising beyond the 1.1985 and 1.2020 range seen since Wed"s Ldn close. 1.2050- 55 offer good resistance, with Wed"s high, the Parabolic pivot and the 10-day MA gathered there today. Current daily congestion count of 8 is only reached or breached about once a month and precedes a spike in vol but not necessarily a new trend. Hourly trends are best trade focus