Bearish in line with daily price trend - bullish risks from price holding 1.30 after a BOE rate rise
Scenario A) - price breaks rising trendline on 4hr chart to test support
Scenario B) - price moves for another test of 1.32 - 50 DMA before resuming decline
Scenario A) - price breaks rising trendline on 4hr chart to test support
Scenario B) - price moves for another test of 1.32 - 50 DMA before resuming decline
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Signup to my newsletter:
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Market Analyst for:
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wetradebroker.com/education/analysis/jasper/
SpreadEx
spreadex.com/financials
tradingwriters.substack.com/
Market Analyst for:
WeTrade
wetradebroker.com/education/analysis/jasper/
SpreadEx
spreadex.com/financials
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.