Bulls has successfully marked higher high and higher low in the dailies. We will see UK’s GDP Data at 2pm (GMT+8). It is expected to be bearish. Any correction downwards would be an opportunity to buy.
Asian session was mostly sideways but we saw a bearish move at the start of London session. The move has formed a right shoulder. This bearish head and shoulders pattern has a neckline of 165.30. The break of it will bring us to roughly 164.00