Analyst
Bullish Preference: Buy if price trades above 136.589 with take profit at 137.256
Bearish Preference: Sell if price trades below 135.918 with take profit at 135.572
None with a direct impact on the pair.
Comments: Expectations regarding the Bank of England announcement regarding the impact of COVID and of course perhaps more telling, that the United Kingdom is going to lock down its own economy has bearishly pressured the Sterling.
Bullish Preference: Buy position is envisaged if price trades above 122.301 with take profit at 122.754
Bearish Preference: Sell position is envisaged if price trades below 121.995 with take profit at 121.689
None with direct impact on the pair.
Comments: The pair cancelled its bullish move of last night and seems to be under bearish pressure due to the rising cases of COVID in the Eurozone.
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