A pattern of lower highs to continue in the wake of a slight softening of UK home prices overnight. While the UK economy remains head and shoulders above most others a softening of expectations and a series oflower highs from the charts leaves the bias pointing downward in the September Pound. Critical support in theSeptember Pound is seen at a quasi-double bottom low of 1.7076. Another potentially critical pivot point is seen atan up-trend channel support line of 1.7095.
