The Bearish trend remains intact while the price outlook remains favourable of a move to $1190/$1180. From a weekly perspective, there is a possibility of a recovery towards $1250/$1268 before resuming the downtrend.
Forex Technical Analysis
18 January 2017
Pound recovers on May’s Brexit outline, USD looking for clues as Yellen set to speak today...
17 January 2017
Pound volaitility continues as we await May’s Speech...
16 January 2017
Pound hits fresh lows on fears of a “Hard Brexit”...
13 January 2017
Dollar bounces back from 5-week trough against yen...
12 January 2017
US Dollar gives Trump the thumbs down after his first press conference...
11 January 2017
Dollar firm ahead of Trump news conference...