– Buys on close above 163.620 on the break of the most recent 1h Resistance targeting 1h Strong Resistance at 164.060 leaving Runners to 4h Resistance at 164.280.
– Sells on close below 163.180 targeting 30min strong Support at 162.870 leaving Runners to the 1h Support at 162.600, Price action below 163.180 is messy on the 4h timeframe but we are anticipating volume to continue pushing through the zone once price breaks below 1h Support formed at Pre New York Stock Exchange on (19.09.2022).
– Price could possibly consolidate for another day ahead of the Official Bank Rate this Thursday announced by Bank Of England Governor Andrew Bailey.