– Buys on close above 165.950 targeting 1h previous Support formed at 166.680, Leaving Runners to the 30min Resistance at 167.100.
– Sells on close below 165.090 targeting 15min Support formed on 21st October 2022 at 164.500, Leaving Runners to the 1h previous Resistance formed on the 6th October 2022 at 163.850.
– As mentioned on the Breakdown Analysis posted on 1st November 2022, price have retested the previous Weekly / Daily Resistance Zone and to form a pullback and allow the Monthly candle to form a bottom wick, High chance price would range or form Daily Support to correct some of the Bear moves we’ve had from the Bank Rate news impact on Thursday.