|R4||109.00||**||76.4% ret of|
|R3||108.00||break level||S2||105.79||*||15 Jun (m) high|
Asterisk denotes strength of level
13:35 BST - The retest of resistance within 107.00/50 is giving way to a pullback to congestion around 106.00, where unwinding oversold intraday studies and oversold daily stochastics are prompting short-term reactions. The daily Tension Indicator continues to track lower and weekly charts are bearish, highlighting a deterioration in sentiment and room for further losses in the coming sessions. A later break below 106.00 will open up the 105.79 monthly high of 15 June, with a further close beneath here adding weight to already bearish price action and leading to deeper losses towards congestion around 105.00. Meanwhile, an unexpected close above 107.50 will delay downside potential and prompt consolidation beneath 108.00.