Taking into account both UK and US fundamentals, could we be seeing a bull run to resume in this currency cross pair? From a technical point of view, price has balanced in the HTF market in the form of trading down into a fair value gap, in line with a 1h OB.
If LTF structure confirms this bias, we could be targeting the first set of HTF equal highs as a bullish objective.
Have a nice weekend everyone.
Aman | SMC Wolf FX