– Buys on close above 161.520 targeting 1h previous Support at 161.870 leaving Runners to 1h Resistance at 162.260.
– Sells on close below 161.000 targeting Daily Support formed on (16.08.2022) at 160.680 leaving Runners to 4h Support at 160.350.
– Overall the previous Weekly candle has Ranged for the most part on the 4h timeframe due to lack of volume and the consolidation could possibly continue for the rest of August, Monday is UK Summer Bank Holiday so there could be a lack of volume due to Banks been closed as they facilitate the majority of the foreign exchange.