The important resistance level of 1.3290 is holding price from further bullish movement, the price is right now in consolidation phase before the Bank of England rate decision news, in my view the hawkish stance of the bank has already been priced in by the market, so I don,t expect a strong bullish reaction. The pair has support levels today at 1.3240 and 1.3200, break of these support levels can start a reversal to retest the important lower support level of 1.3100.
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