Break to fresh high has seen gains falling just shy of retest of the .6370, high of December
Levels | Imp | Comment | Levels | Imp | Comment | |||
---|---|---|---|---|---|---|---|---|
R4 | .6538 | ** | 2 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 - Break to fresh high has seen gains falling just shy of retest of the .6370, high of December. However, pressure remains on the upside and clearance here will extend the broader gains from the October 2023 year low and turn focus to the July 2023 high at .6412. Further out will see room to .6538, the February 2023 year high. However, the daily studies remains overbought and suggest consolidation at the .6400 level likely before further bull extension. Meanwhile, support is raised to the August high at the .6300/.6250 area, now expected to limit corrective pullback.