Source: PaxForex Premium Analytics Portal, Technical Insight
BoE’s Lombardelli said she needs to see more evidence before the next rate cut.
Pivot: 191.30
Analysis:
As long as the price is above 195.00 follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 191.30
- Take profit 1: 190.00
- Take Profit 2: 187.00
Alternative scenario:
If the level of 195.00 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 195.00
- Take profit 1: 200.00
- Take profit 2: 203.00
Comment:
RSI indicates the potential for a downtrend in the medium term.
Key levels:
| Resistance | Support |
| 203.00 | 190.00 |
| 200.00 | 187.00 |
| 195.00 | 183.00 |
