• Off 0.2%, near the base of a 1.2015-1.2035 range with modest interest on D3

• UK property market showing further signs of weakness in February Rightmove

• Charts; 5, 10 & 21 day moving averages, 21 day Bollinger bands all slide

• Momentum studies edge lower - daily signals show negative signals

• Close above tested 1.2188 21 day moving average would end downside bias

• Sterling initially targets a test of the 1.1842 2023 base in January

• Close below 1.1840 would open the door to 1.1637, 38.2% 2022-2023 rise

• PM Sunak's authority may be tested as sterling slips

For more click on FXBUZ