today's move produced a very strong daily candle and on the monthly chart it appears to be breaking out of a bullish pennant. Obviously the weakness of sterling is having a positive effect on the market and maybe it feels that was the last rate hike for some time ?
The market needs to close below 7521 (mid-point of today's candle body) to throw the bullish case into doubt
The market needs to close below 7521 (mid-point of today's candle body) to throw the bullish case into doubt
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