The interest rate vote and the press conference confirmed the fundamental weakness of the pound and the price movement broke through the rising channel. Having received confirmation, the currency pairs rushed in a bearish direction.
The first throw was repelled by the 100% Fibonacci extension. But this is only the first shot. I expect a continuation to the level of 1.2810, where the 161.8% Fibonacci extension is currently taking place.
The first throw was repelled by the 100% Fibonacci extension. But this is only the first shot. I expect a continuation to the level of 1.2810, where the 161.8% Fibonacci extension is currently taking place.