Pound sterling vs US dolar tests intraday highs from 26th July around 1.3175. The level coincides with 38.2% retracement of the last few sessions appreciation. We can observe here an urge to rebound from above mentioned suport zone. A signal that will confirm the further losses however, is the fight with the current trend line drawn from last week lows.


Currently we are waiting for the closue of the H1 candle. If suport hold, we will consider CALL options. Alternatively, closing below the trend line and suport will provide a PUT signal.

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