A Blog of Commentary and Ideas from an FXstreet Premium Member by 
Greetings once again, Everyone!
With the Central Bank Interest Rate Decisions coming in As Expected with Consensus, we focus on The Fiber and Cable as we move forward.
As expected, we have Consolidating Continuation moving on… even with the 200-Pip Volatility Drop on Cable due to the “Rumor” of Gordon Brown’s Resignation.
Here are the Hourly Views of The Euro and The Pound, so give them a Click for various Levels of Reference.
Post-Time is 14:45 GMT.
Clear Support and Resistance Levels are still Seen, with the 1.6200 Handle providing Cluster Support on Cable from the IntraDay Hourly View… as well as the 1.4140’s acting as Dynamic Support with The Fiber…. as well as the Longer-Term Daily Resistance Confluence Area with the Weekly 50% Fib Variant at the 1.4180’s.
We arrive at a “steep” Bear Flag/Asymmetrical Triangle Formation on Hourly Fiber, in which The Break could see the 1.4050’s and 1.4020’s in the Immediate-Term.
To the Upside… a Violation of the 1.4250’s Static Resistance brings the 1.4300 Handle in Sight as Price develops.
The Queen maintains Consistent Support, as She builds Energy for a Probable Downside Break to the 1.6050’s Static Support Area. Upside Momentum needs to Clear the 1.6420/50’s Areas of Resistance for a shot at 1.6550’s in the Near-Term.
As we fall into Consolidation in most market Units ahead of NFP tomorrow… let’s be Vigilant and Observe how Price Action behaves and Break or Rejects Key Levels moving forward.
As always… I will return with you for more Updates today, so please join me as we progress!
A sincere thanks to All who joined Valeria and Myself for the “BoE and ECB Interest Rate Live Coverage” at 11:00 GMT!
I always enjoy doing those Sessions, and Val does as well!… We hope it provided some Insight to your Trading Day, and we look forward to more Opportunities to join You in this Fashion!
