Strong rejection at the weekly cloud is significant

Cloud base currently at 1.2372 and cloud is falling sharply

Sterling also deep inside its daily cloud and looking to the 200DMA

The average at 1.1954 and has supported the market since Jan. 6 bull break

Daily momentum now reflecting the price drop but RSI diverging bullishly

The 10-WMA resistance is at 1.2179: possible fade point

We lean bearish: will monitor any corrective rebound for a fade opportunity

For more click on FXBUZ