After the last days jump to 1.4295, I believe that there will be a corection of the uptrend in the next 2 days, before the rate decision of BoE( its decission is already traded).
As you can see during the night the price tried to climb again but was stoped at 1.4260 (which is the 50% retracement Fib level of 1.4295 to 1.4227 where the price felt on Friday.
For...
During the last month the price made a correction of the uptrend and felt until 1.397 which is the 50% retracement FIB level (1.37 - 1.424).
In my opinion, the uptrend is still intact.
On a short-term (daily) basis:
1. if the price breaks the resistance of 1.4090 -1.4100 , Go LONG with the target of 1.424
2. if the price falls under 1.403, Go SHORT with the target...
