Sharp four day sterling decline and a 1.2620 low

Daily cloud top breached but base at 1

The average supporting the market since early March

Fourteen day negative momentum has faded slightly

RSI is edging close to oversold levels

Scope for an adj higher with the 10DMA a level to watch, currently 1.2808

We have taken a high risk long at market for 1.2800 with a 1.2575 stop

For more click on FXBUZ