⭐️Key Takeaways⭐️
✔️ BOE this Morning
✔️ Pound showing signs of weakness with YEN, EUR, CAD, and AUD
⭐️Market Sentiment⭐️
All eyes on BOE.
⭐️Technical Analysis⭐️
Currently trading just below the 1.30 handle where we find a confluence zone of resistance levels. Should we manage to break and hold above this confluence on the 4hr timeframe, I will be looking for buying opportunities up towards the 1.3380 area. If however we're unable to break and hold above the confluence, I will seek to enter short provided price-action establishes continual lower lows
Regards,
Michael Harding - Chief Technical Strategist @ LEFTURN Inc.
RISK DISCLAIMER
Information and opinions contained with this video are for educational purposes only and do not constitute trading recommendations. Trading Forex on margin carries a high level of risk and may not be suitable for all investors.
✔️ BOE this Morning
✔️ Pound showing signs of weakness with YEN, EUR, CAD, and AUD
⭐️Market Sentiment⭐️
All eyes on BOE.
⭐️Technical Analysis⭐️
Currently trading just below the 1.30 handle where we find a confluence zone of resistance levels. Should we manage to break and hold above this confluence on the 4hr timeframe, I will be looking for buying opportunities up towards the 1.3380 area. If however we're unable to break and hold above the confluence, I will seek to enter short provided price-action establishes continual lower lows
Regards,
Michael Harding - Chief Technical Strategist @ LEFTURN Inc.
RISK DISCLAIMER
Information and opinions contained with this video are for educational purposes only and do not constitute trading recommendations. Trading Forex on margin carries a high level of risk and may not be suitable for all investors.
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