In the short term (before the BOE) I would expect a retest of the 23% fib and yesterdays high at 1.5240 pretty soon, perhaps a small bounce then a test of the 1.5180 highs and 38% fib. 100 hr MA should also be meeting around there by the time price gets there.
Will be watching the RSI & Stochastic to see if the bullish divergence gives way before taking a short. With the BOE coming up risk is increased of course.
Will be watching the RSI & Stochastic to see if the bullish divergence gives way before taking a short. With the BOE coming up risk is increased of course.