If you look at my chart on 1Hour timeframe previously, we can see a channel where the pair currently in the zone.
We did see that the channel was touched and the pair reverse. Now lets see on a bigger timeframe on 4H timeframe.
We see that there is a possibility on the second bounce where the pair is get back on the bull side. As we are preparing on upcoming UK reports, the zone might provide an insight on a further move of the pair.