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.
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