Still limited on probes above the .6525 resistance but bullish momentum from the .6362 low suggest scope for break
Levels | Imp | Comment | Levels | Imp | Comment | |||
---|---|---|---|---|---|---|---|---|
R4 | 0.6644 | * | 9 Apr high | S1 | 0.6480 | 1 Apr low | ||
R3 | 0.6600 | * | congestion | S2 | 0.6442 | * | Feb low | |
R2 | 0.6550 | * | congestion | S3 | 0.6400 | figure | ||
R1 | 0.6525 | * | Dec/Jan low | S4 | 0.6362 | * | 19 Apr low |
Asterisk denotes strength of level
00:15 GMT - Still limited on probes above the .6525 resistance but bullish momentum from the .6362 low suggest scope for break. Higher will open up further extension to the .6550 congestion then the .6600 level. However, gains are seen corrective and expected to give way to selling pressure later. Meanwhile, support is raised to the .6480 early April low which now underpin. Would take break here to return focus to the downside for retest of the .6442 February low then the .6400/.6362 lows. Below these will open up losses to the .6300 level then .6270, October 2023 low.