A breach of the 30-day MA lower Bollinger Tues and again today

Last time the line was broken a strong rebound ensued (June 14-15)

Sterling is in trouble and any rebound needs to clear 1.2183, 10DMA

Negative 14-day momentum is increasing but RSI is in oversold territory

Market looks set to consolidate losses below 1.2000 today

We offer by 1.2115 to exploit corrective pullbacks but will be revised

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