Break to fresh high above 1.3730 has seen extension to retest the 1.3750/1.3765, October 2023 year highs
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3860 | * | 23 Nov 2022 high | S1 | 1.3670 | * | Apr high | |
| R3 | 1.3800 | * | congestion | S2 | 1.3635 | * | 18 Dec high | |
| R2 | 1.3765 | ** | 3 Oct 2023 year high | S3 | 1.3600 | * | congestion | |
| R1 | 1.3750 | ** | 19 Oct 2023 high | S4 | 1.3550 | ** | 30 Dec low, congestion |
Asterisk denotes strength of level
02:40 GMT - Break to fresh high above 1.3730 has seen extension to retest the 1.3750/1.3765, October 2023 year highs. Overbought intraday and daily suggest consolidation here likely before scope for break to extend gains from the September low. Higher will see room to target the 1.3800 level then 1.3860, 23 November 2022 high. Meanwhile, support is raised to the April high at 1.3670 which now underpin. Below this will open up room for deeper pullback to the strong support at the 1.3635/1.3500 congestion area and the 1.3550 higher low.