The pair could pullback with the FED results coming up later today.
I assume the BOE will put the rates up tomorrow and that they will be relatively hawkish.
The pair have reached the 50% Fib retracement level from the 1.43 high to the 1.16 low.
Although we will probably see it retracing to 1.26 later in the year the probability for a correction up to 1.37 could be higher at this stage
I assume the BOE will put the rates up tomorrow and that they will be relatively hawkish.
The pair have reached the 50% Fib retracement level from the 1.43 high to the 1.16 low.
Although we will probably see it retracing to 1.26 later in the year the probability for a correction up to 1.37 could be higher at this stage