The pressure of high inflation in the United Kingdom has led to an increase in the cost of living of the people. There was a 24-hour strike on the London Underground yesterday.
On the D1 chart, the downtrend remains strong. New lows are constantly being formed. And the upper resistance level formed a key role to prevent the price from rising further.
The H1 chart is also in a downtrend. The Fibonacci backtest can see that the price was successfully blocked after touching 0.618 and could not continue to rise. Predict that the price will be making a newer low.
All transactions involve risks, the above analysis is for reference only. When placing an order, be sure to set the lot size and remember to set the stop loss.
