Hearing from a reliable source that corporate buying is picking up in this pair and we’ve broken up through 1.2345 which i’m told is a 61.8 fibo retracement of the 1.2475-1.2130 sell off.
This could now possibly build higher towards 1.2390 or even 1.2475. But stiff resistance is sitting just ahead of 1.2500.
We’re presently up at 1.2353 after a recent high of 1.2359
