The pair has a bearish medium term trend eyeing the bullish orderblock around the 150 area. Currently the pair is returning to the daily order block due to the recent rate hike by BoE. Once the pair enters the daily order block, I will be looking for sell entries.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.