The recent release of the UK cpi data boded well for the pound pushing it to 1.2669. However evidence of selling pressure with head & shoulders, lower highs forming and rejection around clear resistance zones. Opportunities to sell could present themselves on the morrow. Waiting for the daily open. Unemployment claims to be released too. Short ideas with targets at 1.2510 based on support and resistance. Fibb traces leave me wary of a change in direction. Short.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.