10:21, 07 May
Bank of England holds interest rates and QE program steady. The pair is under selling pressure since last week. So we may see some recovering in short term. But this up movements can give a selling opportunities.
We will follow 1.24 and 1.2450 levels as a resistance levels, respectively. These levels can give a selling opportunities if the pair recovers.
Resistance levels: 1.2400 – 1.2450 – 1.2480
Support levels: 1.2430 – 1.2400 – 1.2390