Bounce from above the 1365.00/1360.00 support see the resulting pin bar reversing losses from the 1395.00/1400.00
Levels | Imp | Comment | Levels | Imp | Comment | |||
---|---|---|---|---|---|---|---|---|
R4 | 1400.00 | ** | Apr 2024 high, 38.2% | S1 | 1365.00 | * | 5 May low | |
R3 | 1395.00 | * | Jun 2024 high | S2 | 1360.00 | * | 26 May low | |
R2 | 1390.00 | * | Jun high | S3 | 1350.00 | ** | 10 Jun low | |
R1 | 1380.00 | * | congestion | S4 | 1348.00 | ** | 30 Jun YTD low |
Asterisk denotes strength of level
02:30 GMT - Bounce from above the 1365.00/1360.00 support see the resulting pin bar reversing losses from the 1395.00/1400.00 resistance. Nearby see resistance at the 1380.00 congestion where clearance will open up room for retest of the 1390.00/1395.00 resistance and 1400.00 level and 38.2% Fibonacci level. Clearance here, will trigger stronger correction of the April/June losses. Meanwhile, support at 1365.00/1360.00 May lows underpin and sustain gains from the 1348.00, current year low.