The Bank of England interest rate decision is due out today at 12 noon. its is 10:53 am and this market looks like it's setting up to rise when the decision comes out.
On the 4 hour chart, it has had a reaction to between the 50% and 61% of the up move and today, it broke yesterday's daily low ( UK daily chart) below bouncing up.
I believe that the reaction was a...
FTSE reacted to just below the pivot area, and now bobbing up and down, I believe his market had had its reaction and will be moving up for the rest of the day
