– Buys on close above 166.030 targeting 30min Resistance at 166.260, The 166.260 is a 4h rejection area, an area where price tried to break above then retraced and
closed back in the range multiple times, Leaving runners to 4h Resistance at 166.670.
– Sells on close below 165.610 targeting 4h Support at 165.340 leaving Runners to next 4h Support at 164.960.
– The Consumer Price Index is the most important data for the country’s economy which is one of the main reasons why Central Bank the Bank Of England raises Rates in order to stabilize the currency, (CPI) y/y News data release on Wednesday 1h before London Open, Forecast: 9.3% / Prev: 9.1%. High Volatility is expected during and after the News release leading to London Open.