Friday's drop to 1.2549 freed up room for the pound to push higher again

However, a long upper candle shadow so far today warns of demand fade

The flat lining 200-day MA provides resistance at 1.2556

A key 50% Fibo retracement above at 1.2596: taken off 1.2893-1.2299

Fourteen day momentum is negative but RSI is rising

On balance still a market but consolidation below 1.2600 likely

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