Little change, as prices extend consolidation below the .6080, 5 June current year high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .6165 | * | 76.4% Sep/Apr fall | S1 | .6000 | * | congestion | |
| R3 | .6100/20 | ** | congestion, 11 Oct high | S2 | .5950/23 | * | congestion, 30 May low | |
| R2 | .6080 | ** | 5 Jun YTD high | S3 | .5900 | * | congestion | |
| R1 | .6050 | * | congestion | S4 | .5550/45 | ** | congestion, 12 May low |
Asterisk denotes strength of level
00:40 GMT - Little change, as prices extend consolidation below the .6080, 5 June current year high. However, bullish price action keeps focus on the upside and clearance here will extend the broader gains from the April low and see room to target .6100/20 level and 11 October high. Higher still, will see continuation to .6150/.65, congestion and 76.4% Fibonacci level. Meanwhile, support at .6000 congestion is expected to underpin. Failure here will fade the upside pressure and see room for corrective pullback to support at .5950/.5900 congestion area.