Sterling closed below its daily cloud top, now resistance at 1.2428

Our 1.2482 stop moved to entry and target revised to 1.2280

A 50% Fibo off 1.2039-1.2506 is at 1.2273

Fourteen day momentum is fading but still high

Daily RSI tentatively confirming Wed's drop

Hourly cloud base and weekly cloud top supporting at 1.2360 and 1.2346

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