Sterling drops below 1.2479 initial Fibo retrace level off 1.0327-1.3144

We have locked in more profit on our 1.2670 short play

Still target 1.2405 but will be looking for signs of a turn

A September 22 1.2791-98 cloud twist might begin to attract

Key support now at 1.2426, the 200DMA, last time below was March

Break below opens up 1.2308 low from May 25

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