Strong bearish acceleration extends into the third straight day and pressures psychological 0.9000 support (reinforced by 55SMA) after better than expected UK CPI numbers in August (2.9% vs 2.8% f/c and 2.6% in July) further boosted sterling.
Pullback from 0.9306 (29 Aug high) broke below 50% of 0.8742/0.9306 upleg (0.9025) and could extend towards key barriers at 0.8952 (top of rising daily cloud / Fibo 61.8% retracement) and 0.8926 (Fibo 38.2% of larger uptrend from 0.8312, 2017 low) on break below 0.9000 pivot.
Bear cross of daily Tenkan-sen / Kijun-sen supports bears, which may show signs of stall on approach to daily cloud as daily studies are oversold but without firmer reversal signal seen for now.
Res: 0.9025, 0.9071, 0.9090, 0.9125
Sup: 0.9000, 0.8952, 0.8926, 0.8875
