A British Pound counter-offensive is underway after collapsing into downtrend support at record lows. Levels that matter on the GBP/USD weekly technical chart.
US Dollar is off more than 2% from the highs after exhausting into uptrend resistance this week. The levels that matter on the DXY weekly technical chart into October.
Oil prices plunged for a third-week but held above key technical support- threat remains for major price inflection. Levels that matter on the WTI weekly technical chart.
Sterling is on defense with GBP/USD plunging back into yearly downtrend support- risk for major price inflection. Levels that matter on the weekly technical chart.
Euro plunged nearly 1% on hotter than expected US inflation data today with EUR/USD reversing sharply off trend resistance. Levels that matter on the technical charts.