Volatile Friday left the pound at marginally better levels on the week

A weekly hammer candle setting up Monday gains

However, gains blunted early in the session and s/t reversal risk seen

A minimum correction off 1.2039-1.2261 cleared at 1.2209

Next Fibo off that move comes at 1.2176

As price stands a potential bearish harami the risk

We stand aside for now until signals become clearer

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