09:56, 05 марта
The markets expect that interest rate cut from BoE in next meeting. But the bank may expect to see how the economic outlook is affected from coronavirus. We follow technical levels, especially 1.2850.
1.2850 is the main support level for the pair in short term. If the pair stays above this level, the up movements would be continues.
Resistance levels: 1.2885 - 1.2920 - 1.2950
Support levels: 1.2850 - 1.2820 – 1.2770