By Peter Stoneham — Jun 13 - 02:10 AM
Sterling looks set to resume its longer-term bear trend
A drop under the May 13 1.2156 year's low the risk
Support points of note thin out below 1.2156
Below 1.2075 May 2020 low opens up key 1.1445-1.1413 lows from Mar 2020
Daily negative momentum has faded slightly and price is trying to adjust
Any corrective action to provide better short entry levels
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Source:
Refinitiv IFR Research/Market Commentary