– Buys on close above 167.050 as price breaks above 1h Resistance formed on Thursday Pre New York Session at the Bank Rate News release, Targeting 1h previous Support formed on 24th October 2022 at 167.350, Leaving Runners to the 4h previous Support formed on 3rd November 2022 at 167.880.
– Sells on close below 166.510 targeting 4h previous Resistance at 166.100, Leaving Runners to the 4h Support formed at 165.750.
– Overall the previous Weekly candle closing Bearish could be the pullback on the Daily to retest broken Strong Resistance held at 165.500 to potentially retest the current Yearly High, that also allow the current Monthly candle to form bottom wick generating Liquidity from the broken Weekly Resistance area.