Technical analytics

The buying interest remained intact on Wednesday. 

The upward trajectory stalled at 146.60. 

The US dollar opened green against the yen and was able to conquer new highs. 

The pound traded mixed on Wednesday. 

The buying momentum faded around 1.2000. 

Brent recovery lost steam around 54.50. 

Gold prices failed to extend their recovery beyond 1330.  

Bulls took a breather after reaching 110.00 and posting a local high at 110.28. 

The bid tone around the pound helped bulls to extend their gains towards 1.3000. 

The euro is building on a correction in the European morning on Wednesday.