|R4||107.15||**||50% ret of|
|R3||106.00||*||congestion||S2||104.42||11 Sep low|
|R2||105.88||**||8 Mar YTD high||S3||104.00||**||congestion|
|R1||105.40||**||38.2% ret of|
Asterisk denotes strength of level
13:30 BST - Little change, as mixed intraday studies keep near-term sentiment cautious and extend consolidation following the test of strong resistance at the 105.40 Fibonacci retracement. A tick higher in daily stochastics suggests potential for a test of critical resistance at the 105.88 current year high of 8 March, but the flat daily Tension Indicator is expected to limit initial tests in consolidation, before positive weekly charts prompt a break. A close above 105.88 will turn sentiment outright positive and confirm continuation of July gains. Meanwhile, support is raised to congestion around 105.00. A close beneath here, if seen, will turn price action neutral and prompt consolidation above further congestion around 104.00.