By Peter Stoneham — Aug 03 - 04:35 AM
Sterling clear below the 10 and 21-DMAs and closing in on the daily cloud
Ichimoku cloud parameters are 1.2648 and 1.2578
The 100DMA joins the cloud base at 1.2578 and serves as a bear target
Fourteen day negative momentum has faded slightly
Daily RSI is still confirming sterling weakness
On pullbacks the 10DMA, 1.2817, could be pivotal
We offer by the average to join the down move
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Source:
Refinitiv IFR Research/Market Commentary