Even with BOE policy changes and basis point cut we still see the defined range hold convincingly,
previous H&S failed to provide a bearish break so i expect the rising channel to continue until one side takes real control of this market.
if the channel breaks there is a lot of liquidity around 0.8 which will be my target.
Alternatively if we see price break and settle above the head resistance level then I will be looking for longs.
previous H&S failed to provide a bearish break so i expect the rising channel to continue until one side takes real control of this market.
if the channel breaks there is a lot of liquidity around 0.8 which will be my target.
Alternatively if we see price break and settle above the head resistance level then I will be looking for longs.
