By Peter Stoneham — Sep 11 - 03:00 AM
Long upper shadow Thursday warned of a direction change
Friday rally weakened the signal but early Monday losses now seen
Fourteen day momentum still reflects the sharp rally off 0.8525 Sept. 5 low
A top now in place at 0.8600 with a thin Ichimoku cloud just above
Cloud twists above market this week and next could drag on further losses
We lean bearish but will wait for stronger signals before entering a trade
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Source:
Refinitiv IFR Research/Market Commentary