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Fresh advance signals possible break of four-day congestion - Windsor Blog
Cable accelerated higher in early US trading on Thursday, signaling possible break of four-day congestion, after long-tailed candles of past two days added to idea of bears’ stall. Fresh advance broke above Fibo barrier at 1.2349 (38.2% of 1.2582/1.2204) and extended above 10DMA (1.2361), but faced headwinds from 20DMA (1.2383) which limits fresh bulls for …