Sterling faded ahead of 100-DMA resistance at 1.2645 Friday

Fell to new session low 1.2530 after hitting 3-week high

A 1.2705-11 cloud twist may have aided the rise but advantage lost

Early Monday and modest gains from 1.2539

Daily studies remain bullish and we have a bid by the session low

Underlying bull trend intact despite Friday's 1.2634 failure

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