Short-term daily trend support finally gives way

Sterling looking back towards the 1.2039 Oct. 4 low

A close below the 1.2165 trend line could see a l/t bear trend resumption

Risk of an eventual return to the 1.1805 low from March

Fourteen day momentum negative for a second day

Daily RSI confirming the drop

We offer by 1.2160, ahead of the trend line, for a deeper drop

Long upper weekly candle shadow highlights GBP weakness

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