Sharp rally through the .6300/30, August and January highs, see prices extending to fresh year high
Levels | Imp | Comment | Levels | Imp | Comment | |||
---|---|---|---|---|---|---|---|---|
R4 | .6538 | ** | Feb 2023 year high | S1 | .6300 | * | Aug high | |
R3 | .6450 | * | congestion | S2 | .6250 | * | congestion | |
R2 | .6412 | * | Jul 2023 high | S3 | .6222/00 | * | Jun high, congestion | |
R1 | .6370 | ** | Dec 2023 high | S4 | .6170 | * | 4 Sep low |
Asterisk denotes strength of level
00:35 GMT - Sharp rally through the .6300/30, August and January highs, see prices extending to fresh year high. Nearby see scope for retest of the .6370, December 2023 high. Higher still, will see room to the July 2023 high at .6412. Beyond this will turn focus to the .6538 February 2023 year high. However, overbought daily studies caution corrective pullback though the downside likely to be limited. Support is raised to the .6300 level which is expected to underpin. Break here open up deeper correction to the .6250 congestion then the .6222/.6200 congestion.