Steady start to the Wed session with GBP just holding above 1.2300

We are flat having booked a big figure profit on our 1.2390 short play

Dailies still looks offered and weeklies are losing their bullish tilt

Daily momentum remains positive but RSI now confirming recent drop

Levels to watch today at 1.2264 Jan. 24 low and 1.2370 10DMA line

Risk of a further squeeze this session the longer 1.2300 supports

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