Sterling drops under the 10-week moving average, support since w/e Nov. 4

Price also below the 1.1900 double day lows from Dec. 30 and Jan 2

Weekly bullish momentum fading fast and RSI confirming price drop

Daily action below the Ichimoku cloud top at 1.1899

Bears can target a key 50% Fibo level, 1.1150-1.2446, at 1.1798

Bearish risk increasing while weeklies and dailies deteriorate

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