The pound slips alongside the euro on the day
And with that, cable falls to a low of 1.3132 on the day and price is threatening a break of yesterday’s low of 1.3138. But more importantly, sellers are looking to drive price below the two key hourly moving averages @ 1.3153 and 1.3142. Hold a move below that and near-term price bias turns more bearish.
More to come…