Weak UK CPI weighed on the pound. Today traders will focus their attention to the latest retail sales data for some short-term impetus.
The main scenario is a return to the 1.2760 level and bounce off it.
An alternative scenario assumes a growth to the 1.2950 resistance.
Wait until the sterling touches 1.2760 and buy the spot towards 1.2860.
Buy the Cable towards 1.2950 when the price overcomes 1.2850.