By Peter Stoneham — Aug 06 - 03:20 AM
Sterling's bear run from July 17 is holding but support looming large
The daily Ichimoku cloud top is at 1.2702
Backed up by the 100 and 200-day moving averages: 1.2685-1.2655
Fourteen day momentum and RSI are confirming the latest price drop
Bearish risk building under the 10-day moving average, today at 1.2825
We look for an opportunity to enter the short side
GBP/USD trader TGM2338
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Source:
Refinitiv IFR Research/Market Commentary