– Thursday Daily candle closed Bullish at 194.610 with a slight Rejection to the downside as price slowly breaks out of the recent 4h consolidation zone. I’ll be looking for potential Buys above 194.860 targeting 4h Resistance around 195.460 and previous 4h Support around 195.800. I’ll be looking for potential Sells below 194.110 targeting 1h Strong Support formed at 193.710 and next Hourly Support around 193.350. Despite the High News Event for the Pound Sterling that has taken place at the Bank Of England to review Bank Rate price still ranging on the 4h timeframe on an uptrend. Will be interesting to see how the current Weekly candle close.
