|R4||148.00||*||figure||S1||145.63||*||12 Sep (m) high|
|R2||146.75||*||break level||S3||144.20||**||38.2% ret of|
Asterisk denotes strength of level
13:55 GMT - Anticipated losses are currently testing below the 145.63 monthly high of 12 September, as negative intraday studies keep short-term price action heavy. Daily readings are also extending lower, pointing to a further deterioration in sentiment and potential for further losses towards congestion around 145.00. However, mixed/positive weekly charts should limit any further slippage to the 144.20 Fibonacci retracement. Meanwhile, a break above the 146.00 pivot, if seen, should meet fresh selling interest towards the 146.75 break level.