Macro Analysis
BoE is currently cutting the rates(even if keep the rates now, won't affect the direction of the pair) and BOJ has kept the rates but is expected to raise rates due to inflationary pressures.
Technical Analysis
Expect the pair to sweep the 15min liquidity as shown , as we have already tapped into the 4hr order block. We expect a strong fall to form new low.
Overall , we bearish.
BoE is currently cutting the rates(even if keep the rates now, won't affect the direction of the pair) and BOJ has kept the rates but is expected to raise rates due to inflationary pressures.
Technical Analysis
Expect the pair to sweep the 15min liquidity as shown , as we have already tapped into the 4hr order block. We expect a strong fall to form new low.
Overall , we bearish.
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.
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.