This week, there will be no bank rate decisions (only BOE bank rate votes on 22nd October, Wednesday).
EU was rejected off previous high 1.2840 again before dropped to 1.2710. Yesterday bias up didn't play out. Missed out H1 trade. Bias down. Might bounce from support.
Daily - Previous day candle closed with an engulfing bearish candle, below 8 lwma, RSI below 50.
H4 - Lower low, below 8 lwma, RSI below 50, below signal. W P 1.2755, W S1 1.2624, W S2 1.2488.
GU was rejected off W R! 1.6186 to 1.6120. Yesterday bias up didn't play out. No bias. Might bounce from support.
Daily - Previous day candle closed with a long upper shadow, above 8 lwma, RSI above 50.
H4 - Lower high, above 8 lwma, below signal, RSI below 50. W P 1.6030, W S1 1.5934.





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