By Peter Stoneham — Feb 13 - 04:40 AM
Corrects averages to average in headline
Long upper candle shadow Thurs and price slide Frid into a bear close
GBP failed just ahead of the 10DMA and 50% Fibo, 1.2198-1.2205 respectively
Price back inside the daily cloud, top at 1.2085
Momentum negative and RSI falling
Weekly chart showing signs of market indecision
On balance still a bear market and fading strength favoured
We will monitor any rebounds to 1.2100
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary