bounced from support at 7620/10 to our targets of 7655/65 and 23.6% Fibonacci resistance at 7710/20 & as predicted we topped exactly here. However eventually we are likely to continue higher to 7765/70, perhaps as far as 7790/7800.
Buy again at 7630/20 with stops below 7600. A break lower however is a sell signal targeting 7570/60 and strong support at 7545/35. Try longs with stops below 7515.
topped exactly at first resistance at 7180/90. This is important again today but be ready to buy a break above 7195 targeting 7230/40. A break above 7250 is a buy signal.
Strong support at the January low at 7105/7095. A break below 7080 risks a slide to 7060/50 then support at 7000/6990.
A break below 7080 risks a slide to 7060/50 then support at 7000/6990.
- Weekly Outlook Positive
- Daily Outlook Neutral
- Short Term Outlook Neutral
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