Extending sharp rally in Q2 with break above the 138.00 level further extending the broader gains from the 127.22 low of January. Rally above the 142.00/142.25 resistance will see room to 142.50 to correct 61.8% of the losses from the Oct 2022 high.
Clearance here, if seen, will further extend gains from the 127.22 low and see room to the strong resistance zone at 145.00/146.00. Gains from the January are seen corrective and lower high sought to further pressure the downside later which should keep the strong resistance at the 148.00/150.00 area and the 151.94, 2022 multi-year high, out of reach.
Pullback see support starting at 140.90/140.00 area then the 138.00 congestion and previous high. Would take break here to return focus lower to the downside 135.00/134.00 congestion area. Below here will see room for deeper pullback to the 130.00 level.