Technical Analysis: From the daily perspective, on October 16th, a key long bearish candle appeared due to UK inflation data falling short of expectations, breaking below the support zone of 1.3020–1.3045, which shifted the short-term trend to a bearish stance. On the hourly chart, downward momentum began to strengthen at 2:00 PM Beijing time. Given the bearish trend, there is a possibility for prices to further decline toward recent lows in the short term

Bearish candle appeared due to UK inflation

2024年10月21日