Pair's repeated failure to take out 200-DMA today despite daily closing above the same could end up pushing the pair below 1.1066 (50% of 1.0517-1.1616), which would suggest the retreat from post Brexit high of 1.1185 has resumed and could yield a break below 1.10 handle tomorrow.
On the higher side, only a day end closing above 1.12 would suggest the post Brexit recovery has resume and the pair then could target 1.1255 levels.
On the higher side, only a day end closing above 1.12 would suggest the post Brexit recovery has resume and the pair then could target 1.1255 levels.
