The pair remains in red on Thursday and fell to the lowest since 16 July at 0.8840, where 200SMA contained two-day fall.
The latest comments from Irish PM regarding Brexit offered fresh support to sterling.
Bears look for fresh negative signals on eventual close below Strong Fibo support at 0.8859 (50% of 0.8620/0.9098 ascend, reinforced by weekly Kijun-sen), following several unsuccessful probes through this support.
Next bearish signal could be expected on sustained break below 200SMA, which would open way towards next pivotal support at 0.8803 (daily cloud base / Fibo 61.8%). Bearish setup of daily MA’s and weak momentum studies keep negative outlook along with twist of weekly cloud which could attract further weakness. Broken 100SMA (0.8874) should ideally limit upticks and guard upper pivot at 0.8911 (base od ascending daily cloud).
Res: 0.8859; 0.8874; 0.8911; 0.8936
Sup: 0.8840; 0.8803; 0.8775; 0.8733
