the pair has been in a bearish momentum for a while and was consolidating on a support level with weaker rebounds and did breakout this morning.
BoE interest decision is scheduled this afternoon, the pair could come back to the breakout level before continuing to the downside
retail sentiment (myfxbook) : neutral
BoE interest decision is scheduled this afternoon, the pair could come back to the breakout level before continuing to the downside
retail sentiment (myfxbook) : neutral
Note
abort this setup, price is too low nowmaybe wait for potential buy opportunity on the daily support
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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.