Major support - 1.3200 (200 HMA)
The pair has declined sharply from the high off 1.3374 after BOE cuts interest rate by 25bpbs.The pair declined till 1.32017 at the time of writing .
Any violation below 1.3200 will drag the pair down till 1.3100/1.3060/1.3000 in the short term.
On the higher side trend reversal happens only above 1.3375.
It is good to sell on rallies around 1.3195-1.3200 with SLaround 1.3300 for the TP of 1.3000
The pair has declined sharply from the high off 1.3374 after BOE cuts interest rate by 25bpbs.The pair declined till 1.32017 at the time of writing .
Any violation below 1.3200 will drag the pair down till 1.3100/1.3060/1.3000 in the short term.
On the higher side trend reversal happens only above 1.3375.
It is good to sell on rallies around 1.3195-1.3200 with SLaround 1.3300 for the TP of 1.3000