Although yesterday's Sterling trading began with strong selling, the decline was not extensive enough - lacking momentum - to trade through this week's prior low. A recovery of half of the original downside took prices back around the 100 day moving average. In fact, price action has now produced 3 consecutive 'Inside' days.
However although this indicates a degree of investor indecision it is the failure to extend losses that leaves 3cA signals for sentiment as positive going into today with potential to 1.6876 and 1.6894.