• A slight stalling to the downside but sterling remains weak

• Positive fourteen day momentum is poised to flip negative

• Daily RSI is falling but yet to fully confirm price weakness

• For the Tuesday session the 10-day moving average is likely to be key

• The average currently providing resistance at 1.2426

• To the downside little support until the 1.2249 February 3 low

• GBP/USD trader GBP/USD Trader: [page:2338]
GBP/USD daily candle chart:

(Peter Stoneham is a Reuters market analyst. The views expressed are his own.)