Disappointed UK data and BoE’s dovish comments kept weighing on the pound. Markets are waiting for UK Consumer Price index now.
The main scenario assumes a correction towards 1.3050.
An alternative scenario is a decline to the 1.2910 area.
A breakout of 1.3000 would aim us for 1.3050 afterwards.
A sharp breakout below 1.2960 could spark a further decline towards 1.2910 in the coming sessions.