Impressive day in the British Pound.
Is this the real deal. Could be. At least for another 5 handles through the Memorial Day holiday, if not 15 over the next 2-5 weeks.
Interesting divergence in the Monthly with the MKT breaking structure this year taking out the JUNE 2001 lows but maintaining an underlying positive structure basis the Monthly close.
15663 is the Inflection Pivot to key off for the current advance. If the MKT is going to run it should just go with 16363 and 16633 the initial targets. If things turn eventful an extended run can climb as high as 17589.
A held trade under 15598 and the positive turn is in question and the currency vulnerable to a slide back into a digestive trade.
JS
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