“¢ Overnight rebound faces rejection ahead of 100-hour SMA and the bearish momentum drags the cross below a short-term ascending trend-line support on the 1-hourly chart.
“¢ A follow-through weakness below Wednesday’s swing low is likely to pave the way for an extension of the downfall back towards YTD lows set in May.
“¢ The latest BoE monetary policy decision would help determine the near-term trajectory amid mixed short-term technical indicators.
Current Price: 144.66
Daily High: 145.69
Daily Low: 144.59
Trend: Bearish
Resistance
R1: 145.00 (psychological round figure mark)
R2: 145.25 (ascending trend-line support break-point)
R3: 145.69 (100-period SMA H1)
Support
S1: 144.39 (overnight swing low)
S2: 144.00 (round figure mark)
S3: 143.72 (S3 daily pivot-point)
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