– Buys on close above 157.840 as price breaks and close above 4h Resistance formed during New York session on Tuesday, targeting 30min Resistance at 158.130, Leaving Runners to the 1h Resistance at 158.640.
– Sells on close below 157.160 targeting 1h Strong Support formed and held in London session at 159.900, Leaving Runners to the 4h Strong Support at 156.600.
– High Impact News data ahead for the Japanese Yen as Bank Of Japan due to review the Policy Rate over the Asian session, The current policy rate is -0.1%. The BOJ sets this rate to help achieve its monetary policy goals, such as maintaining price stability and supporting economic growth. The BOJ uses a variety of tools to implement monetary policy, including the policy rate, asset purchases, and forward guidance.
– 1 hour before London open we have CPI data report for the UK economy forecasted at : 10.5% / Previous : 10.7%, High volatility expected at Pre London and London Open.