Yesterday: Open 1.6174 High 1.6256 Low 1.6162 Close 1.6202

Yesterday Sterling currency movements had a daily range of around 90 pips below the normal limit. Got corrections during the trading session of the United States. Next visible rebound toward the daily closing level of 1.6202.

Currently visible, Sterling can bearish again if the trend lines can penetrate its diagonal.

The focus of economic data today for Sterling are:
1. GBP CPI y / y in at 15:30 pm
2. GBP RPI y / y in at 15:30 pm
3. GBP Core CPI y / y in at 15:30 pm
4. GBP DCLG HPI y / y in at 15:30 pm
5. GBP BOE Inflation Letter "tentative"
6. GBP MPC Member Posen Speaks at 17:00 GMT

When prices rise continuously after passing through a diagonal trend line then opened up opportunities to a level of 1.6312.

We recommend that if the decline continues, opening opportunities to the 1.6100 level.

Prices shown on the graph line H1 and M10 MA05 bearish conditions intersect.

While the Stochastic Indicator is indicating a bearish opportunity.