Slow progress but sterling is edging lower

Our 1.3215 short is performing and the stop lowered

We target 1.2835 but will monitor price action around the 10DMA

The average, 1.3140, has supported the GBP/USD up-swing since Aug. 13

Overbought daily momentum readings are being unwound

A minimum correction level of the 1.2666-1.3269 rally is at 1.3127

Weeklies highlight upside risk

GBP/USD trader TGM2338

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