That’s Barclays for those who are either new readers or those who just don’t pay any bloody attention.
That said, the bank wants to see resistance at 1.3025 and 1.3075 overcome before assuming that a run to 1.3200 is on the cards. This according to a Dow Jones piece I’ve just read.
The first level 1.3025 is the trendline resistance from September 17 high we mentioned earlier, while 1.3075 is the 5th October high according to my mate Pete.
We sit at 1.3015.
I’d hazard a guess, but have no confirmation, that they’ll be buy stops gathering just North of 1.3025.
