– Buys on close above 167.370 targeting 1h Resistance at 169.870 , Leaving Runners to the Daily / 1h Strong Resistance at 170.150.
– Sells on close below 168.820 as price break the 1h Support formed on Thursday London open targeting 1h Support at 168.450, Leaving Runners to the 4h Support at 168.220. There is probability for price to push down to 167.920 with volume.
– High Impact News during the Asian Session for Bank Rate, BOJ Outlook Policy Report , Monetary Policy Statement, BOJ Policy Rate and BOJ Press Conference which will be important to follow up on as they may reveal future plans for the Policy Rate decision.
– Quick reminder that the Monthly candle is coming to a close so it’s extremely important to only take trades during volume times with higher timeframe confirmations and to apply Risk Management at all times and to also secure positions as soon as possible.