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- Cable holds firm bearish stance ahead of Powell’s speech
- German industrial production falls sharply in December
- Completion of bearish pattern on daily chart adds to downside risk
- Bitcoin remains at the back foot but still lacks clearer direction signals
- Limited upticks to keep bears in play for fresh attempts lower
- Dollar advances on fresh expectations for prolonged tightening cycle
- Aussie remains under increased pressure
- Bolls hold grip for stronger recovery but more evidence needed to confirm the stance
- Near term action weighed by rejection under weekly cloud and formation of reversal pattern
- Fresh bears look for more signals of deeper pullback