Technical Analysis:
A bearish pattern has formed on the daily (1D) timeframe, with price action potentially targeting the Fibonacci cluster zone at the psychological level 1.3600 - 1.3490.
Fundamental Analysis:
Fed Interest Rate: 4.50% (in line with expectations)
BoE Interest Rate: (Release date: 7 August 2025)
Conclusion:
High probability for SELL entries in the 1.3600 - 1.3490 zone, with:
(SL): 1.3680
(TP): 1.3050
A bearish pattern has formed on the daily (1D) timeframe, with price action potentially targeting the Fibonacci cluster zone at the psychological level 1.3600 - 1.3490.
Fundamental Analysis:
Fed Interest Rate: 4.50% (in line with expectations)
BoE Interest Rate: (Release date: 7 August 2025)
Conclusion:
High probability for SELL entries in the 1.3600 - 1.3490 zone, with:
(SL): 1.3680
(TP): 1.3050
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.