Sterling beginning to track lower, below the 10-day moving average

The line comes in at 1.2618 today

We remain short from 1.2670 for 1.2405 with a 1.2635 trailing stop

A close below 1.2530 sees stop lowered again

Fourteen day momentum negative for a second day

Look for 21-day average to cross below 50-day line to strengthen bear run

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