A moderate bearish (dollar strength) bias is applicable below 1.1850. Technical score: 0 Testing the change in trend direction to dollar weakness. However, a bearish MACD crossover on the daily time frequency remains intact, which supports dollar strength. Downside price momentum halted – supporting dollar weakness. Downside target: 1.1751. Upside target for a break above 1.1850 will be 1.1881. • The dollar was down on Monday morning in Asia, but the focus centered on the British pound and Japanese yen. • The pound rallied from its fall during the previous session over increasing fears of a hard Brexit. In Japan, the ruling party will vote in a new leader later in the day, with the winner widely expected to replace incumbent Prime Minister Shinzo Abe.