Sterling Testing Multi-Month Downtrend Post-BoE- NFPs on Tap
Sterling turned from confluent resistance today on the heels of the Bank of England interest rate cut. The objective yearly open is eyed at 1.2513 with the upper parallel of the September pitchfork further highlighting the technical significance of this zone.
Support rests with the 61.8% retracement at 1.2261- losses should be limited to by this level IF price is heading for a breakout here with a close above the 38.2% retracement 1.2609 needed to suggest a more significant low was registered las month / a larger reversal is underway.
U.S Non-Farm Payrolls on tap tomorrow- watch the weekly close here.
-MB
Support rests with the 61.8% retracement at 1.2261- losses should be limited to by this level IF price is heading for a breakout here with a close above the 38.2% retracement 1.2609 needed to suggest a more significant low was registered las month / a larger reversal is underway.
U.S Non-Farm Payrolls on tap tomorrow- watch the weekly close here.
-MB
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Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.