By Peter Stoneham — Jan 22 - 06:30 AM
Sterling snaps a four-day bull run and forms a bear signal
Candlestick harami, inside day real body, can warn of a reversal
Thurs action did manage to close above 1.3700 after repeated failures
While above 10DMA, 1.3627, will view current pullback as corrective
Major tipping point a way off at 1.3522, Jan 18 low
We bid by 1.3540 but will be alert to stronger reversal signals
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Source:
Refinitiv IFR Research/Market Commentary