– Buys on close above 161.030 targeting Daily / 4h Resistance at 161.540 leaving Runners to 4h Resistance at 161.830.
-Sells on close below 160.450 targeting 1h Support at 160.100 which is also previous 4h Resistance formed on (18.05.2022) leaving Runners to most recent 4h Support at 159.850. after London Open we have Flash Manufacturing PMI and Flash Services PMI for the UK Economy.
– Price could possibly reject the 4h Resistance at 161.500 level as this is the zone where the previous Weekly candle tapped into then rejected and retraced all the way to 159.750.