Previous Weekly candle closed Strong Bullish above strong Resistance on the Weekly Time Frame formed on the 09.01.2022 and 20.02.2022 as Bank Of England have increased Interest Rates to 0.75% in the third jump in a row as cost of living crisis deepens, the Bullish momentum could carry on but possibly price could retrace to 156.420 area to retest the previous 4h Resistance to form Weekly bottom wick, ideally is to allow the Asian Session to consolidate and form new price action for the week ahead.
