Pressure remains firmly on the upside to reach fresh high at 1.3370
Level | Comment | Level | Comment | |||||
---|---|---|---|---|---|---|---|---|
R4 | 1.3500 | * | congestion | S1 | 1.3266 | * | Aug high | |
R3 | 1.3440 | 25 Dec 2022 high | S2 | 1.3200 | * | congestion | ||
R2 | 1.3400 | * | figure | S3 | 1.3142 | ** | Jul 2023 year high | |
R1 | 1.3360 | 23 Sep high | S4 | 1.3100 | * | congestion |
Asterisk denotes strength of level
02:00 GMT - Pressure remains firmly on the upside to reach fresh high at 1.3370. Room remains for further extension of the broader bull trend from the 2022 year low and higher will see room 1.3400 level. Higher still, will see scope to the 1.3440 resistance and the 1.3500 congestion. Meanwhile, support is raised to the 1.3266, August high. Break here will put bulls on hold and open up deeper corrective pullback the 1.3200 congestion then the 1.3142, July 2023 year high. The latter expected to underpin and contain any corrective pullback.