- July 18, 2018
- Posted by: Trading
- Category: News
- Sterling continuing to head lower ahead of Wednesday’s London market session, as Brexit concerns continue to weigh.
- UK inflation figures are due early at 08:30 GMT, but the bears are already in control. A positive reading could put a floor under current losses.
- Daily candles have the pair in a confirmed downside move from a lower high, and the year’s low is close to breaking.
|Support 1:||1.3067 (previous day low)|
|Support 2:||1.3049 (2018 low; major technical bottom)|
|Support 3:||1.2972 (S2 weekly pivot)|
|Resistance 1:||1.3153 (38.2% Fibo retracement level)|
|Resistance 2:||1.3200 (major technical level)|
|Resistance 3:||1.3292 (current weekly high)|
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