• Intraday bias remains on the downside.
  
  
• Current fall should target 1.3503 low but before that initial support levels fall at $1.4226 levels.
  
  
• On the upside, above 1.4444 minor resistance levels will turn bias neutral and bring consolidations before staging another fall.
  
  
• A major focus today is UK inflation data. CPI is expected to rise to 0.2% yoy in December while core CPI is expected to be unchanged at 1.2% yoy. PPI will also be featured in UK today. Any downside surprise could give sterling much pressure against Euro, yen and dollar.