By Peter Stoneham — Dec 11 - 07:50 AM
Dec 16 1.3079-86 cloud twist is reining sterling in fast now
Significant back to back bear sessions remove major support points
The 55DMA next support to be tested ahead of the twist
14-day momentum flips negative after a 27-day run above the zero line
Daily RSI now tanking but nearing over sold values
Adjustment risk is high and rebound ahead of the cloud twist likely
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Source:
Refinitiv IFR Research/Market Commentary