The cross advances on weaker pound and broke above barrier at 0.8955 (100SM, meeting next target at 0.8973 (Fibo 76.4% of 0.9013/0.8841). Today’s action was supported by daily cloud base (0.8916) with fresh advance on track to form bullish outside day and generate signal for fresh upside. Daily techs are turning to full bullish setup and extension towards next targets at 0.9019 (15 Nov high) and more significant 0.9026 barrier (top of thick daily cloud). Sustained break above daily cloud (also former tops of 20/12 Oct) will be strong signal fur bullish continuation pf recovery leg from 0.8732 (01 Nov low). Cloud base is expected to hold and keep bulls in play.
