Pound broke through the bottom of the range yesterday and was down all day with no return to the bottom of the range. Keep an eye on 1.28508 as key resistance. Keep an ear to the ground on BOE speakers with next week’s BOE rate decision. Also a good idea to read up on their minutes from their previous meeting which you’ll find on their website. Services PMI is being released today and BOE member Broadbendt is speaking today. Below is a technical overview for your consideration.
a. Please read Kate’s post on Forex Major Currencies Outlook everyday so you are up to date with the latest news. You can follow Kate here
b. Please be aware of risk events for the day by using the Forex.Today calendar
c. Watch Wayne’s webinar daily at 13:30 SAST or catch the recording on the Forex.Today Youtube Channel