On hourly chart, we can see bullish divergence with MACD, and a new bullish crossover hints a further advance.
Fundamentally, if BOE considers to raise rate given a higher CPI data this week, together with the easing of QE tapering in euro zone, the pair is about to move high rapidly.
See 1.1350 if price breaks 1.1291.
Fundamentally, if BOE considers to raise rate given a higher CPI data this week, together with the easing of QE tapering in euro zone, the pair is about to move high rapidly.
See 1.1350 if price breaks 1.1291.
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Heavily influenced by FA factors, cancel the plan
