Change point (devaluation level): 1.04
We prefer: short positions under 1:04 with advanced course aims to 1.03 & 1.0275.
Alternative scenario: more than 1.04 we expect further upward with 1.0465 & 1043 as price targets.
Technical Comment: the RSI is capped by a bearish trend line.
Related Post
Related posts:
- Sterling pullback ahead of the UK Retail Sales Data Release.
- Depressed by the weakness Aussie Inflation Data.
- The Australian dollar weakened slightly this morning, Retail Sales Data Less Satisfy.
- Euro Yen Press, outcome expectations Unemployment Rate Still Higher.
- U.S. Retail Sales Still Below Expectations, Dollar Pullback On Sterling.